Bespoke’s Morning Lineup — 8/9/24
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 are three things in the world that deserve no mercy; hypocrisy, fraud, and tyranny.” – Frederick William Robertson
Below is a snippet of commentary from today’s Morning Lineup. Start a two-week trial to Bespoke Premium to view the full report.
Since the start of 2022 (when the last bear market began), there have been 26 one-day gains of 2%+, and 23 of those came in 2022 when markets were struggling. Yesterday was just the 2nd 2%+ gain of 2024 and there was only one 2%+ gain in all of 2023. As shown below, the S&P has averaged a small decline of 0.14% on the day after 2%+ up days since 2022 and a bigger drop of -0.39% in the week after 2%+ gains. Over the next month, though, the S&P has averaged a gain of 1.10%.
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Bespoke’s Morning Lineup – 8/8/24 – Follow the Odds
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.
“If you have someone equal in ability to me I will beat him every time because I will try harder.” – Pete Rose
Below is a snippet of commentary from today’s Morning Lineup. Start a two-week trial to Bespoke Premium to view the full report.
Along with NVIDIA (NVDA), Super Micro Computer (SMCI) has been one of the poster-childs of the AI Boom. As shown below, though, the bloom appears to be off the rose. Earlier this year, SMCI shot up to $1,200/share, but since then it has now fallen 60%. Shares are currently trading around $480 in the pre-market this morning.
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Bespoke’s Morning Lineup — 8/7/24
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’m tired of hearing about money, money, money, money, money. I just want to play the game, drink Pepsi, wear Reebok.” – Shaquille O’Neal, who signed with the Orlando Magic on this day in 1992 after being selected first in that year’s NBA Draft
Below is a snippet of commentary from today’s Morning Lineup. Start a two-week trial to Bespoke Premium to view the full report.
Below is an updated look at our 50-DMA spread chart for the S&P that’s featured in our Morning Lineup each day. As shown, yesterday’s bounce barely moved the index higher within its trading range, so we’re still quite oversold here with plenty of upside room to run.
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Bespoke’s Morning Lineup – 8/6/24 – Calming Down
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.
“Fear is the most contagious disease you can imagine. It makes the virus look like a piker.” – Warren Buffett
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 falling 12% on Monday, Japan’s Nikkei bounced back 10% on Tuesday, and US equity futures are currently set to open higher by about 0.75% as of 8 AM ET. As shown below, the carnage from the past few weeks has now left the S&P 500 in extreme oversold territory (>2 standard deviations below its 50-DMA). These are areas where you typically start to see some upside mean reversion, although it’s certainly not a guarantee.
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