This week’s Bespoke Report newsletter is now available for members.
After some rocky trading to kick off the month, it was hard for many to believe that the S&P 500 was actually up over 2% in the first full week of October. Regardless of how it got there, a win is a win no matter how messy it was. Despite the rally to kick-off October, the S&P 500 finished the week right around 3% from its record closing high on September 2nd.
Some people reading this are enjoying a three-day weekend in observance of Columbus Day on Monday, but the market will be open on Monday, and investors will be looking for major US indices to show some signs of which way they plan to break out of the current state of limbo we find ourselves in heading into the weekend. Will earnings season be the catalyst to get stocks back to their recent highs, or will the fact that this week’s rally ran out of steam just shy of the 50-day moving average end up, in retrospect, being the beginning of a new leg lower?
In this week’s Bespoke Report, we’ll look to shed some light on these questions as well as recap some of the key trends facing the market. There are a ton of insights on both markets and the economy in this week’s newsletter, and you can read it now with a two-week trial to our subscription service — Bespoke Premium. Click here to learn more about Bespoke Premium and start a two-week trial if you’re interested.