The Closer – Real Rates and P/E Diverge, Bottom Decile VIX, Data Dump – 6/22/23

Jun 22, 2023

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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we begin with a look at the divergence between real yields and valuations as well as the new low in the VIX (page 1). We then dive into the massive amount of data released today including leading indicators (page 2), the Chicago Fed’s National Activity index (page 3), regional Fed manufacturing gauge (pages 4 and 5), existing home sales (page 6), petroleum inventories (page 7).  We close with a recap of today’s 5 year TIPS reopening (page 8).

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

The Closer – Smart Money Slump, Starts Soar, Speculator Positioning Swings – 6/20/23

Jun 20, 2023

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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we begin with a look into the Smart Money Indicator (SMI) as well as how high flying the Nasdaq has gotten (page 1).  We the look at the latest business formation (page 2) and residential construction figures (pages 3 and 4).  Next, we preview this week’s upcoming Treasury reopenings (page 5) before closing with the latest speculator positioning data (pages 6-8).

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