The Bespoke Report – Rolling Over – 11/14/25
To read our weekly Bespoke Report newsletter and access everything else Bespoke’s research platform offers, start a two-week trial to Bespoke Premium. While stocks eked out gains this week, it was a turbulent ride and under the hood some of the biggest winners this year are under major pressure. That’s not just true of the riskiest and most aggressively priced stocks, as crypto has taken hits along with precious metals. Even the juggernaut AI narrative is being tested, with surging credit spreads that represent market skepticism about the epic capex binge under way. US economic data remains scarce but we got lots of updates from China this week showing a surprising slowdown in that economy. Meanwhile the Federal Reserve has sounded the hawkish siren all week and markets are moving to reflect less support than previously expected.
Chart of the Day: Crypto Flow
This content is for members onlyThe Bespoke Report – Quarterly Macro Update – 10/31/25
To read our weekly Bespoke Report newsletter and access everything else Bespoke’s research platform offers, start a two-week trial to Bespoke Premium. This week we are publishing our quarterly review of global financial markets from a macro perspective, touching on the AI boom and the debt underpinning it, the US economic and Federal Reserve outlook, and snapshots of the Eurozone, Germany, Sweden, South Korea, and China.
