The Closer – Software Slam, Walmart (WMT) Wows, Dividends – 2/3/26
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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we start out with a look into the pain trade that is software (pages 1 – 3). We also check in on dividend stocks and the latest batch of earnings (pages 4 & 5). We then finish with a recap of the latest LMI reading (page 6) and the performance of supply chain stocks (page 7).
See today’s full post-market Closer and everything else Bespoke publishes by starting a 14-day trial to Bespoke Institutional today!
Precious Search Interest
Today has been another volatile session for gold and silver prices, with the former up over 7% as of this writing and the latter up well over 15% versus yesterday’s close.
The huge move higher (and lower) in precious metals has resulted in surging interest from consumers based on Google search interest.
Google Trends tracks and indexes search interest on Google’s search engine for a given word or phrase over a given time period. Readings of 100 indicate the peak for search interest, readings of 50 would be half of that peak, and so on.
As shown below, the latest surge in gold and silver prices has corresponded with a surge in search interest for both “sell gold” and “sell silver.”
For gold, search interest is approaching August 2011 records, whereas the reading for sell silver is now far and away at record highs. In other words, people have record or near record interest in selling their precious metals.
Amazingly, though, search interest for “buy gold” and “buy silver” has also surged to record highs that are at levels much higher than the “sell” version of the phrase. As prices have skyrocketed, more people seem to be interested in buying gold and silver than selling them.
We also like to look at “How to” searches. These can proxy first time buyers or sellers, or alternatively, more casual investor interest. Again, these indices are broadly elevated and hit new records by massive margins recently. As shown below, searches for “how to buy gold” have skyrocketed as gold prices have gone parabolic, while the “how to sell” versions have also jumped but not by nearly as much.
The Closer – Earnings, PMIs, Smart vs. Dumb Money – 2/2/26
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 commentary regarding today’s volatility across assets in addition to the damage that has been done to some technical pictures given these moves (pages 1 and 2). Next, we review the odd bear market for software stocks (pages 2 and 3). We follow up with earnings recaps and a quick review of today’s economic data (pages 4 and 5),
See today’s full post-market Closer and everything else Bespoke publishes by starting a 14-day trial to Bespoke Institutional today!
Bespoke Market Calendar — February 2026
Please click the image below to view our February 2026 market calendar. This calendar includes the S&P 500’s historical average percentage change and average intraday chart pattern for each trading day during the upcoming month. It also includes market holidays and options expiration dates plus the dates of key economic indicator releases.Click here to view Bespoke’s premium membership options.
