The Closer – Car Rental, Breadth, Reversals, Bonds, Positioning – 5/2/22

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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, after a review of tonight’s major earnings reports including those of Avis Budget (CAR) and Clorox (CLX) to name a few (page 1), we show the cumulative decline from intraday highs to lows and some weak breadth measures (page 2).  We then take a look at performance following similar intraday price action for the S&P 500 (SPY) to today (page 3). Next, we dive into high yield (page 4) and real yield (page 5) markets.  Afterward, we provide an update on mortgage delinquencies (page 6) before closing out with a rundown of the latest speculator positioning data (pages 7-9).

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Bespoke Market Calendar — May 2022

Please click the image below to view our May 2022 market calendar.  This calendar includes the S&P 500’s 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.