The Closer – NVDA Beat, PMI Flop, NFP Revisions, New Home Sales – 8/23/23

Aug 23, 2023

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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, after a recap of the blockbuster earnings from NVIDIA (NVDA), we show the collapse is WeWork (WE) valuation (page 1). We then take a look at the latest S&P Global PMIs and revision to jobs data (page 2).  Next, we run through the latest housing data in the form of Toll Brothers (TOL) earnings and new home sales (page 3 and 4). Afterward, we review the surge in domestic crude production (page 5) and weak 20 year bond auction (page 6).

See today’s full post-market Closer and everything else Bespoke publishes by starting a 14-day trial to Bespoke Institutional today!

The Closer – Auto Wholesale Bloodbath, Existing Home Sales, Indeed Openings – 8/22/23

Aug 22, 2023

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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we kick off with a look into wholesale used car prices and Toll Brothers (TOL) earnings (page 1).  We then turn to the dearth in inventories per the latest existing home sales data (page 2) and weakness in home affordability (page 3). After an update of our Five Fed Manufacturing Composite (page 4) and an similar service sector reading (page 5), we finish with a review of the latest job openings data from Indeed.com (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!