This week’s Bespoke Report newsletter is now available for members.
Stocks roared back to an all-time high close this week, shrugging off a surge in Delta variant cases in the US and around the world. We dive deep into earnings results that continue to run far ahead of analyst estimates, which have no doubt helped stocks recover from their slip last week. In addition to detailed analysis of how US earnings are rolling in, we review major reports from Europe this week as well as previewing major reports from both sides of the Atlantic next week. Fund flows continue to run at a shocking pace, driven by massive buying of bond funds and big inflows to equities too, while the longest commodity bear market in history continues despite 52 week highs for commodities this week. We discuss what high commodity prices mean for equities, as well as reviewing the recent slide in the crypto space. Finally, we review some big housing market data reports this week and take a look at which sectors of the economy are saving too much or too little. To read the 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.