This week’s Bespoke Report newsletter is now available for members.

They say October is a month known for turnarounds, and while this October wasn’t particularly volatile, the market sure did stage a reversal.  It may seem like eons ago, but heading into October, new highs for the market seemed like the last thing we would see.  The trade war was still a major worry, and the ISM Manufacturing report dropped to its lowest level since 2009.  Earnings season was also coming up on the horizon, and practically nobody was expecting anything even remotely positive in what corporate America had to say about the just-completed third quarter or its outlook for the rest of the year. So, what happened? Naturally, all of that negative sentiment seems to be just what the market needed to break out of its torturous range that’s been in place since early 2018.

Will the breakout in US equities continue?  That’s the question facing investors heading into the first weekend of November, and in this week’s Bespoke Report we cover the market from a variety of different angles to shed some light on that question.  Topics discussed include the performance of semiconductors, earnings season, the FOMC, sentiment, seasonal trends, and market internals. So, grab some coffee and a chair and read on for our latest take.  To read the Bespoke Report and access everything else Bespoke’s research platform has to offer, start a two-week free trial to one of our three membership levels.  You won’t be disappointed!