Dec 15, 2023
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.
“The only reason they come to see me is that I know that life is great, and they know I know it.” – Clark Gable (Gone with the Wind premiered on this day in 1939)
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 once again set for a higher open this morning, with small-caps leading the way. Speaking of small-caps, the Russell 2,000 didn’t make a new all-time high yesterday like the Dow or the S&P 500 Total Return index, but it did make a new 52-week high. In case you missed this stat in last night’s Closer, it took just 48 days for the Russell 2,000 to go from a 52-week low to a 52-week high. Remarkably, that was the shortest turnaround time ever for the Russell to go from 52-week low to 52-week high!
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Dec 15, 2023
With just two weekends left to shop before Christmas, US consumers have to be feeling a little more flush than they were just a couple months ago. Back in October, the stock market was in a 10%+ drawdown and interest rates looked like they might never stop going up. Less than two months later, though, the S&P 500 Total Return index is suddenly trading at all-time highs as Treasury yields have plummeted.
Maybe just as important for that “wealth effect” feeling is the huge drop in gas prices that we’ve seen since late September. Back on September 17th, AAA’s national average gas price reading (the cost of a gallon of regular unleaded) hit a 52-week high of $3.88. In the three months since then, there has hardly been a day when gas prices haven’t gone down, and just yesterday the price/gallon ticked down to $3.087. That drop took gas prices below the low of $3.096 seen last December 22nd to their lowest levels in more than two and a half years dating back to 6/24/21.
With the stock market at new highs again and gas prices suddenly approaching a “2-handle,” Santa may have a little more room in his gift sack this year!
Dec 14, 2023
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 were 22 changes 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 weekly on Thursday 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 each week. 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.
Dec 13, 2023
Coming Soon! Bespoke’s 2024 Annual Outlook piece is currently set for publication on Friday, December 22nd. If you’re already a member, take a look at some of our prior annual reports to get an idea of what’s in store!
As the financial landscape evolves, staying ahead requires insight, foresight, and the right guide. Bespoke’s Annual Outlook for 2024 offers just that! Building on the success of our 2023 edition, this report is your compass in the ever-changing world of investing. Our 2024 Outlook promises to be more insightful than ever, delving into key areas that shaped the past year and will influence the next:
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– Federal Policies & Global Impact: Navigate through the complexities of monetary policies and their global repercussions. Understand how the Fed’s decisions could affect your investments in 2024.
– Sector-Specific Insights & Thematic Opportunities: We break down sector performances and emerging themes, giving you a granular view of where potential opportunities and risks lie.
– Expert Analysis on Critical Indicators: From the yield curve to investor sentiment, our report covers a wide range of indicators, offering you a comprehensive view of the market.
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