Jul 8, 2024
Log-in here if you’re a member with access to the Closer.
Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we lead off with a checkup on the technicals of a handful of international markets (page 1). We then dive into renewables generation data (page 2) and the New York Fed’s Survey of Consumer Expectations (pages 3 and 4). After a preview of this week’s Treasury auctions (page 5), we finish with the historic readings in currency futures positioning (pages 6 – 9).
See today’s full post-market Closer and everything else Bespoke publishes by starting a 14-day trial to Bespoke Institutional today!
Jul 8, 2024
The political landscape has been given plenty of news to chew on over the past few weeks both internationally and domestically. For example, in last Friday’s Morning Lineup we covered the UK elections and today we provided some commentary on the surprise results of the French elections. Back in the US, today on X, President Biden reaffirmed that he will be staying in the race; contrary to the thoughts of many pundits and donors.
In the charts below, we show various candidates’ odds of winning the 2024 Presidential Election according to betting markets via data from ElectionBettingOdds.com. As shown, Biden’s odds plummeted in the wake of the first debate; bottoming out at a meager 12.5% chance last Friday. At that time, Biden was no longer the favored candidate for the Democrats with Vice President Harris becoming the new favorite (17.2% odds) and California Governor Gavin Newsom also getting some love receiving mid-single digit odds. With today’s announcement, Biden is back to having the highest odds of winning among Democrats at 18.4% compared to 15.7% for Harris and Newsom combined. Overall, former President Trump is seen as the most likely to win as he is being given a 58.6% chance.
Jul 5, 2024
To read our weekly Bespoke Report newsletter and access everything else Bespoke’s research platform has to offer, start a two-week trial to Bespoke Premium. Below we show a comparison between the S&P 500’s price and breadth. We discuss this and more in this week’s report.
Jul 3, 2024
Log-in here if you’re a member with access to the Closer.
Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we begin with a look into the latest PMIs and Fed Minutes (page 1). We follow up with a dive into auto sales (page 2) including a closer look at Ford (F) and the record EV/hybrid sales (page 3). We finish with a review of the latest EIA data (page 4).
See today’s full post-market Closer and everything else Bespoke publishes by starting a 14-day trial to Bespoke Institutional today!
