Bespoke’s Morning Lineup – 6/20/25
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.
“There, where I have passed, the grass will never grow again.” – Attila the Hun
Below is a snippet of commentary from today’s Morning Lineup. Start a two-week trial to Bespoke Premium to view the full report.
It’s a quiet Friday morning so far, so below is an updated look at where the mega-caps stand heading into this final trading day of the week. While seven of eight are all more than 5% above their 50-day moving averages, Apple (AAPL) remains stuck in a downtrend and is 2.6% below its 50-DMA.
The last six months have been a struggle for Apple (AAPL), which is sitting below $200/share after peaking just below $260 on the day after Christmas 2024.
Bespoke Baskets Update — June 2025
This content is for members onlyBespoke’s Morning Lineup – 6/18/25
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.
“As long as the reason of man continues fallible, and he is at liberty to exercise it, different opinions will be formed.” – James Madison
Below is a snippet of commentary from today’s Morning Lineup. Start a two-week trial to Bespoke Premium to view the full report.
The June “Fed day” is here, and US equity futures are currently just a hair above the flat line as of 7 AM ET. The typical Fed day sees the S&P 500 open higher by roughly 20-30 basis points. Below is a chart showing the S&P’s average intraday path on Fed days since Powell became Fed Chair back in 2018 (red line). The blue line shows the S&P’s average path over just the last ten Fed days. Powell Fed days over his entire tenure and the last ten meetings have looked very similar, with the S&P sitting on decent gains going into the 2 PM ET rate announcement. We then typically see a rally from 2-3 PM ET followed by a sharp sell-off in the last hour of trading. As we noted in yesterday’s Chart of the Day, anything but a last-hour selloff will be atypical for a Powell Fed day.
Bespoke’s Morning Lineup – 6/17/25
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.
“A man has cause for regret only when he sows and no one reaps.” – Charles Goodyear
Below is a snippet of commentary from today’s Morning Lineup. Start a two-week trial to Bespoke Premium to view the full report.
After a strong bounce-back day yesterday following Friday’s 1% drop, US equity futures are down slightly ahead of today’s open on relatively little news. As shown below, market internals remain overbought, but not by much.
Looking at sectors, Energy now has the highest percentage of stocks above their 50-day moving averages at 91.3%, and the Energy sector’s valuation relative to the last ten years is on the low side compared to the rest of the market. Financials and Technology currently have the highest valuations relative to readings over the last ten years.
