May 7, 2026
See what’s driving market performance around the world in today’s Morning Lineup. Bespoke’s Morning Lineup is the best way to start your trading day. Read it now by starting a two-week trial to Bespoke Premium. CLICK HERE to learn more and start your trial.
“I shall seize Fate by the throat; it shall certainly not bend and crush me completely.” – Beethoven
Below is a snippet of commentary from today’s Morning Lineup. Start a two-week trial to Bespoke Premium to view the full report.
Today is the last super-busy day for earnings this season, so we’ll be providing a nice summary of all the results in tomorrow’s Bespoke Report newsletter.
In Monday’s Chart of the Day, we pointed out that Datadog (DDOG) was reporting earnings Thursday morning with a 100% historical EPS and sales beat rate. As a member of the Software group, DDOG took it on the chin from November through March, but it has recovered nicely in the last two months and broken out of its downtrend in the process.
DDOG has historically been a triple play beast, and it delivered once again this morning with another beat on EPS and sales and raised guidance. Shares are up 22% pre-market. The pop highlights that not all “software” stocks are the same, and when names get “thrown out with the bathwater” – the AI Doom trade in this case – opportunities arise.
McDonald’s (MCD) is another name that reported this morning, and the company reported a nice EPS beat on roughly inline revenues. Same-store sales growth was up just under 4% in both domestic and international markets.
As shown below, MCD has had a rough run since the Iran War began as investors worried about both consumer demand and higher input costs. This morning’s earnings assuages some of those fears, and shares are up 3% pre-market.
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May 6, 2026
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.
May 6, 2026
See what’s driving market performance around the world in today’s Morning Lineup. Bespoke’s Morning Lineup is the best way to start your trading day. Read it now by starting a two-week trial to Bespoke Premium. CLICK HERE to learn more and start your trial.
“Good judgment comes from experience, and a lot of that comes from bad judgment.” – Will Rogers
Below is a snippet of commentary from today’s Morning Lineup. Start a two-week trial to Bespoke Premium to view the full report.
US equity futures are up 1% this morning due to more gains from semis and a headline from Axios that the US and Iran are “closing in on a one-page memo to end the war.”
Notably, while the S&P 500’s price is still looking quite overbought, underlying breadth is neutral at best. As shown below, just over 50% of stocks in the S&P are above their 50-DMAs and 200-DMAs, and the S&P’s 10-day advance/decline line is still close to oversold territory.
So while price is extended to the upside, internals suggest that the rally still has room to run before we’d categorize it as overheated in the near term.
The semis are a different story, however. They’re currently experiencing one of the most epic runs in history, and the group is about as overbought as it gets.
As shown below, stocks like Intel (INTC), Seagate (STX), Micron (MU), and Advanced Micro (AMD) are up anywhere from 10-33% over the last week, and they’re set to open up sharply again this morning. When the opening bell rings, all four of these stocks will be more than 50% above their 50-DMAs.
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