Mar 4, 2022
This week’s Bespoke Report newsletter is now available for members.
The invasion of Ukraine has sparked market volatility beyond equity markets, with historic moves in European fixed income this week alongside the biggest advance in wheat prices on record. We discuss the implications of the commodity price shock for equity markets and the Federal Reserve, which remains the elephant in the room when it comes to the outlook for stocks and the economy. We also review global economic data, the monthly jobs numbers released this morning, implications for the dollar’s rally in stocks, and more in this week’s Bespoke Report.
To read this week’s full Bespoke Report newsletter and access everything else Bespoke’s research platform has to offer, start a two-week trial to one of our three membership levels.
Feb 25, 2022
This week’s Bespoke Report newsletter is now available for members.
In this week’s Bespoke Report we cover the crazy action seen across financial markets this week along with a look at bearish sentiment, valuations, seasonality, and more. To read this week’s full Bespoke Report and access everything else Bespoke’s research platform has to offer, start a two-week trial to one of our three membership levels.
Feb 18, 2022
This week’s Bespoke Report newsletter is now available for members.
For anyone whose investing experience begins with the COVID lockdowns, nobody told them there’d be days like we’ve seen in 2022 where the market not only goes down some days but goes down more often than it goes up! As the next line of the Lennon song goes, “strange days indeed.” Yoko Ono once said in an interview that the impetus for John Lennon writing “Nobody Told Me” was that he thought the world had lost its course. These days, the world probably lost its way in the early days of COVID, but the market lost its course late last year. Besides Energy this year, nothing has worked for investors. A company can have all the growth in the world, but if the earnings aren’t there good luck. Bonds, which usually provide some level of support during a market sell-off, have done just as bad as equities.
Heading into this weekend, we have to say we’re feeling a little bit of déjà vu. In last Friday’s report, we wrote that “on Friday [2/11] geopolitical concerns crowded out the FOMC and inflation when reports surfaced that a Russian attack on Ukraine was imminent” with an attack likely coming on February 16th. February 16th came and went with no attack, but markets still remain on edge regarding Ukraine. Once again this Friday, the Wall Street Journal sparked an intraday sell-off with the headline “US Warns of Imminent Russian Invasion of Ukraine With Tanks, Jets, Cyberattacks”. At some point, these headlines may be correct, but maybe, just maybe, by the time the attack actually comes, we’ll be numb to the headlines.
In this week’s Bespoke Report we cover all the major events of the week and also provided an analysis of how the current period compares to historical market corrections and bear markets. To read this week’s full Bespoke Report and access everything else Bespoke’s research platform has to offer, start a two-week trial to one of our three membership levels.
Feb 11, 2022
This week’s Bespoke Report newsletter is now available for members.
And you thought inflation was the market’s biggest worry? Jim Bullard may have freaked out the financial markets on Thursday regarding his comments on the need to take a more aggressive stance towards inflation, but on Friday geopolitical concerns crowded out the FOMC and inflation when reports surfaced that a Russian attack on Ukraine was imminent and US officials warned Americans to evacuate the country within the next 48 hours. That latest war games between the US, Russia, and Ukraine in the middle sent stocks sharply lower and pushed all of the major averages into the red for the week. If you’re looking for a silver lining, at least Treasury yields fell!
In addition to this week’s Bespoke Report, we have also included our updated quarterly macro overview (“Fast Cycle, Fast Hikes: How Hard Will Central Banks Slam On The Brakes In 2022?”). To read this week’s full Bespoke Report and access everything else Bespoke’s research platform has to offer, start a two-week trial to one of our three membership levels.
Feb 4, 2022
This week’s Bespoke Report newsletter is now available for members.
We’ve seen some titanic shifts in response to earnings in the last couple of weeks, but even bigger ones are the pivots towards higher rates across global markets as central banks move to stifle growth as a path to lower inflation. We dive deep in to earnings results and reactions across equity markets on both sides of the Atlantic this week, economic data in the US and around the world, and cover a range of other topics in this week’s Bespoke Report.
To read this week’s full Bespoke Report newsletter and access everything else Bespoke’s research platform has to offer, start a two-week trial to one of our three membership levels.
Jan 28, 2022
This week’s Bespoke Report is an updated version of our “Pros and Cons” edition for Q1 2022.
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 Premium.
