Sep 15, 2025
Bespoke’s Consumer Pulse Report is an analysis of a huge consumer survey that we run each month. Our goal with this survey is to track trends across the economic and financial landscape in the US. Using the results from our proprietary monthly survey, we dissect and analyze all of the data and publish the Consumer Pulse Report, which we sell access to on a subscription basis. Sign up for a 30-day free trial to our Bespoke Consumer Pulse subscription service. With a trial, you’ll get coverage of consumer electronics, social media, streaming media, retail, autos, and much more. The report also has numerous proprietary US economic data points that are extremely timely and useful for investors.
We’ve just released our most recent monthly report to Pulse subscribers, and it’s definitely worth the read if you’re curious about the health of the consumer in the current market environment. Start a 30-day free trial for a full breakdown of all of our proprietary Pulse economic indicators.
Sep 12, 2025
With the week now complete, below is a helpful look at the recent performance of various asset classes using key ETFs traded in the US.
Large-cap growth (IVW) was up 2.6% on the week, while mid-caps and small-caps actually fell. Technology (XLK) was the best performing sector due to Oracle’s (ORCL) massive gain, while Consumer Staples (XLP) and Materials (XLB) were the worst.
Outside of the US, there are a dozen country ETFs now up 20%+ on the year, which easily beats out SPY’s year-to-date gain of 12.8%. Spain (EWP) is up the most in 2025 with a huge gain of 59.6%.
Argentina (ARGT) and natural gas (UNG) were the two worst performing ETFs in our matrix this week.
Sticking with commodities, agriculture (DBA), gold (GLD), and silver (SLV) all rallied more than 1%, with GLD and SLV extending huge year-to-date gains.
Finally, Treasury ETFs were also up across the board this week as rates fell, especially at the long-end.
If you like this snapshot, we update it daily for Bespoke subscribers. Sign up now with our September Special to gain access.
Sep 12, 2025
The S&P 500 has had a great run over the last few weeks, but just yesterday it closed in “extreme overbought” territory for the first time since December. You can see the “extreme overbought” reading in our 50-DMA spread chart below (which gets published in our Morning Lineup each day).
Overbought levels are indicative of a market that’s extended. Price can’t stay overbought forever, and eventually mean reversion takes place.
But it’s worth knowing how the market has historically performed when it has gotten to “extreme overbought” levels for the first time in a long time. While there may be some weakness in the near-term, what about the next 3, 6, or 12 months?
If you’re interested in finding out, we’ve got the stats in this week’s Bespoke Report newsletter, which just got posted for subscribers.
The entire report is worth the read, so start a Bespoke Premium trial today! With a new membership, you’ll gain access to a lot more than just our weekly Bespoke Report.
Sep 11, 2025
About 125 stocks with market caps of at least $500 million have IPOd since the current “AI” bull market began back in October 2022. IPOs have seen a pick-up in buying interest this year as evidenced by the performance of the Renaissance IPO ETF (IPO) that holds positions in newly-public companies. As we do from time to time, we went through all recent IPOs to try and identify ones that look bullish or at least worth considering. While the majority of these names likely won’t become large-cap blue-chips in the years and even decades ahead, a few of them could, which makes analyzing them worth the effort.
Based on their business models, the industry they’re in, sales growth, and/or recent share-price action, we found 24 recent IPOs from the broader list of 125 that caught our attention (sorted by market cap). In this report, we provide a one-sentence company description and a note on how shares have been trading recently. The names that are in uptrends but in neutral territory (not too overbought) have the best set-ups right now, but please note that, like always, this list is meant to be a starting point for further research rather than a “buy” recommendation. Additionally, we provide charts for each stock with annotations. Our hope is that readers browse through these names and see if any particular ones piqué their interest.
To unlock our latest B.I.G. Tips report taking a look at 24 recent IPOs, login or start a two-week free trial to either Bespoke Premium or Bespoke Institutional.
Sep 10, 2025
As of mid-day, Oracle (ORCL) is trading up 38% in reaction to its quarterly earnings release after the close yesterday. Since the start of 2020, there have been more than 47,000 individual earnings reports across US stocks, and only 126 of those reports resulted in a one-day share price jump of 38% or more. Oracle is set to make it 127 today. While most stocks that jump 38% in a day have smaller market caps, Oracle is doing it with a market cap that’s now nearing $1 trillion.
As shown below, Oracle’s gain today has propelled it up to the 10th largest stock in the S&P 500 with a market cap of $949 billion. It needs to gain another 5% or so to reach the $1+ trillion market cap club.
The 25 largest stocks in the S&P now comprise roughly 53% of the S&P 500 with a combined market cap of just over $31 trillion.
The average Russell 1,000 stock is now up 29% since the index’s low on April 8th following the Tariff-Crash of early April. There are 47 stocks in the index that have more than doubled since then, and below are the 30 that are up the most. Five stocks are up more than 200%: Astera Labs (ALAB), Wayfair (W), Robinhood (HOOD), Lumentum (LITE), and Western Digital (WDC). As shown below, Oracle (ORCL) is up the 8th most of any stock in the Russell 1,000 since 4/8 with a gain of 175.8%.
There are 155 stocks in the Russell 1,000 that are down since 4/8 (roughly 15% of the index). Below are the 30 worst performers over this time frame. The three worst performers have been Sarepta Therapeutics (SRPT), Centene (CNC), and BellRing Brands (BRBR).
