Ground Beef Becoming a Luxury Item

A year ago at this time, consumers were just starting to get relief from a record spike in egg prices caused by a bird flu that tore through the hen population.  Ground beef prices were also elevated at more than $5.50/lb.  While egg prices collapsed back down to earth, beef prices have continued to tick higher up to $6.73/lb.  At this point, the backyard burger is becoming a delicacy.  Make sure to enjoy every bite this summer!

Below is a look at the percentage change in both cattle futures and ground beef prices since 2007 (as far back as we have data for both).  The two have tracked each other closely over time, although we saw less of a decline in ground beef in the 2010s when cattle futures fell quite a bit.

While cattle futures saw their last record high in August, that has yet to translate to any relief at the butcher counter.

Up until the early 2010s, ground beef was the cheaper protein option than chicken.  That relationship certainly doesn’t apply any longer, with ground beef costing 60% more than chicken breast.  Since spiking above $4.50/lb in 2022 as inflation raged throughout the economy, chicken breast prices have pulled back some and remained stable in the low-$4 range.

Getting back to egg prices, below is an updated look at the national price for a dozen large eggs delivered to warehouses.  After spiking to a record $8.50/dozen in late February last year, prices plunged to as low as $0.67/dozen this January!  Prices have more than doubled off those lows back up to $1.51/dozen, but current levels still look extremely cheap compared to what consumers experienced a year ago.

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Trump 2.0 High Fliers Fall Back to Earth

The stock market saw its ups and downs in the first year of Trump 2.0, but some areas of the market went parabolic.  Stocks related to quantum computing, robotics, crypto, space, rare earths, small modular reactors, and more saw triple and even quadruple-digit percentage gains in the span of months at various points between November 2024 and October 2025.

In the last five months, the fun has ended for the former high fliers, with most of them down at least 50% from their highs.  The peak for the high fliers came on 10/15/25, about two weeks before the Nasdaq 100 made its last all-time high.

Below, we break down the carnage.

In the Russell 3,000, which includes more than 98% of publicly traded market cap in the US, there were 190 stocks that at least doubled from Election Day 2024 through October 15th, 2025.  These 190 stocks are currently down an average of 44.5% from 52-week highs.

85 stocks gained more than 200% over the same period, and they’re down an average of 53.7%.

Narrowing down the list even more, there were 20 stocks up 500%+ that are down 64% from 52-week highs, and the 9 stocks that were up 1,000%+ have been cut an average of two-thirds.

Below is a list of the stocks that gained the most from Election Day 2024 through 10/15/25, along with how much they’re currently down from 52-week highs.

Remember the quantum computing stocks like Rigetti (RGTI) and D-Wave (QBTS) that were up more than 4,000% at their highs?  They’ve both fallen more than 70%.  Or how about Microvast (MVST), the EV battery play that surged over 3,100% only to crater 80% from its peak?  Even Chaince Digital (CD), the crypto/blockchain name that exploded 1,125%, has since lost nearly 89% from its high, making it one of the biggest peak-to-trough collapses on the entire list.

The theme here is painfully consistent.  Nearly every name that went parabolic post-election has given back a huge chunk.  Nuclear power play Oklo (OKLO) gained 733% but is off 76%.  Bloom Energy (BE) was up 922% and has since dropped 34%, one of the more resilient names on the list.  Even Rocket Lab (RKLB) and Planet Labs (PL) are down 42% and 25%, respectively, from their highs.

The average gain for these stocks from Election Day through October 15th was a staggering 1,089%, yet the average decline from 52-week highs sits at 61%.

Once again, this is a stark reminder that the higher they fly, the harder they tend to fall!

Below are one-year price charts of six select high-fliers to help you visualize the parabolic moves and subsequent plunge.

The broader lesson here is one the market teaches every generation of new traders: parabolic moves may be thrilling to watch but can be treacherous to chase.

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The Bespoke Report – Equity Market Pros and Cons – Q2 2026

This week’s Bespoke Report is an updated version of our “Pros and Cons” edition for Q2 2026.

With this report, you’re able to get a complete picture of the bull and bear case for US stocks right now.  It’s heavy on graphics and light on text, but we let the charts and tables do the talking.

On page three of the report, you’ll see a full list of the pros and cons that we lay out.  Slides for each topic are then provided on page four and beyond.

To read this report and access everything else Bespoke’s research platform has to offer, start a trial to any of our three membership levels today!

The Bespoke 50 Growth Stocks – 3/26/26

The “Bespoke 50” is a basket of noteworthy growth stocks in the Russell 3,000.  To make the list, a stock must have strong earnings growth prospects along with an attractive price chart based on Bespoke’s analysis.  There was one change to the list this week.

The Bespoke 50 is available with a Bespoke Premium subscription or a Bespoke Institutional subscription.  With Bespoke Premium, you’ll receive a number of daily market updates from us along with our weekly newsletter and a portion of our investor tools.  With Bespoke Institutional, you’ll receive everything that’s included with Premium plus additional daily macro analysis and more stock-specific research.

To see all 50 stocks that currently make up the Bespoke 50, simply start a two-week trial to Bespoke Premium or Bespoke Institutional.

The Bespoke 50 performance chart shown does not represent actual investment results.  The Bespoke 50 is updated monthly on Thursdays unless otherwise noted.  Performance is based on equally weighting each of the 50 stocks (2% each) and is calculated using each stock’s opening price as of Friday morning after publication.  Entry prices and exit prices used for stocks that are added or removed from the Bespoke 50 are based on Friday’s opening price.  Any potential commissions, brokerage fees, or dividends are not included in the Bespoke 50 performance calculation, but the performance shown is net of a hypothetical annual advisory fee of 0.85%.  Performance tracking for the Bespoke 50 and the Russell 3,000 total return index begins on March 5th, 2012 when the Bespoke 50 was first published.  Past performance is not a guarantee of future results.  The Bespoke 50 is meant to be an idea generator for investors and not a recommendation to buy or sell any specific securities.  It is not personalized advice because it in no way takes into account an investor’s individual needs.  As always, investors should conduct their own research when buying or selling individual securities.  Click here to read our full disclosure on hypothetical performance tracking.  Bespoke representatives or wealth management clients may have positions in securities discussed or mentioned in its published content.