This week’s Bespoke Report newsletter is now available for members.
With little in the way of major economic data and earnings season still a week away, the only major item of this past week was the deluge of Fed officials hitting the tape, including Chairman Powell’s testimony to the House and Senate on Wednesday and Thursday.
With the overall calm and Powell’s soothing words, bulls were in charge and took charge sending the major US large-cap indices to record highs. After numerous attempts to get through the 2,950 level, the S&P 500 finally broke out and hasn’t looked back since. With the S&P 500 up 20% on the year and earnings season coming up on the horizon where does the market stand and have we moved too far to fast?
In this week’s report, we’ll try to shed some light on that question by looking at the recent moves from a variety of angles including market internals, the setup for earnings season, how the economy is faring, and a look at sentiment and prior strong rallies. We cover everything you need to know as an investor in our weekly newsletter. 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!