The Bespoke Report – Stocks Immune To Delta Diagnosis

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.

The Bespoke Report – Slip But No Slide (Yet)

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

For a lot of kids (and some adults) one of their favorite outdoor activities is the ‘slip and slide’, especially the homemade ones made from large plastic tarps. There’s nothing like turning on the hose on a hot summer day and running headfirst down a long plastic sheet covered with cold water to cool off. Looking at the market this week, we saw some signs that it was starting to slip, but hopefully, at this point, it doesn’t turn into a slide.

The S&P 500 started off the week with its 39th record high of the year, which already ranks as the 12th most for a given year since WWII. The next four days weren’t nearly as positive, though, as the S&P 500 declined in three out of the four next days while the Nasdaq and Russell 2000 both headed into the weekend riding four-day losing streaks.

Where to from here? As always, there’s a number of positives and negatives within the market, and in this week’s Bespoke Report we cover a wide range of them. 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.

The Bespoke Report – 7/9/21 – Earnings Season Awaits

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

The week of July 4th has historically been a good one for the stock market, but this year has been an exception. While the median S&P 500 gain during July 4th week has been a gain of 0.88% and even higher (1.06%) when the S&P 500 was already up over 10% YTD heading into the week, this year’s performance has been considerably less. Heading into Friday, the S&P 500 was down 0.72% on the week, although an early rally on Friday pushed the market to its highest levels of the week and into the black.

With the quiet, holiday-shortened week and the fact that we just published our quarterly Pros and Cons report last week, there isn’t a whole lot to cover, so for this week’s report, we wanted to provide a quick look at market performance this week, and then with earnings season coming up next week provide a preview of analyst sentiment heading into the reporting period and what it may mean for market performance.  We’ll then close out with a review of sectors that we normally include with each week’s Sector Snapshot report.

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.  You won’t be disappointed! 

The Bespoke Report – Equity Market Pros and Cons – Q3 2021

This week’s Bespoke Report is an updated version of our “Pros and Cons” edition for Q3 2021.

With this report, you’re able to get a complete picture of the bull and bear case for US stocks right now.  It’s heavy on graphics and light on text, but we let the charts and tables do the talking!

On page two of the report, you’ll see a full list of the pros and cons that we lay out.  We then provide slides for each “pro” or “con” that we’ve highlighted.

To read this report and access everything else Bespoke’s research platform has to offer, start a two-week trial to Bespoke PremiumEnter “THINKBIG” at checkout to receive a 10% discount once the trial ends.

The Bespoke Report – 6/25/21 – Hawks Hoot & Howl

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

Global stocks touched new highs this week, with the S&P 500 leading the way, despite a liftoff in short-term interest rates that anticipate a much more hawkish Fed than was expected prior to the June FOMC meeting last week. Fed hawks have been joined by EM policymakers this week, as surprise guidance for hikes and actual rate raise surprises were found across emerging market economies. US economic data was somewhat mixed, as the prospect of peak PMI readings and weaker home sales numbers match up with broadly solid data in other areas. Core inflation continues to accelerate per PCE data released Friday. We discuss the data backdrop along with infrastructure developments, EM currencies, commodity prices, cryptocurrencies, the possibility of a Delta variant COVID surge in the US, and more in this week’s Bespoke Report.

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.  You won’t be disappointed! 

The Bespoke Report – Do What Your Father Tells You!

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

In the spirit of Father’s Day weekend, how many times as a child do you remember hearing the phrase above?  Maybe not so much anymore, but growing up in the past, kids have always been told from a young age that ‘father knows best.’  If he said to do something, you better be obedient and do it – or else. While it remains as temperamental and prone to outbursts as ever, in recent weeks, the market has not necessarily been the obedient child that investors would prefer to see.

For going on months now, you can’t look at a newspaper without reading about out-of-control prices or inflation and what it means for interest rates and a number of other parts of the financial world.  The only problem is that interest rates haven’t been following orders.

From the FOMC to the big rotation from value to growth, there was a lot to cover this week, and we do so in this week’s Bespoke Report.  Enjoy this week’s report, and have a great weekend.  Happy Father’s Day!

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.