Oct 29, 2021
This week’s Bespoke Report newsletter is now available for members.
With the peak of earnings season ahead, including reports from the five largest companies in the S&P 500 (at the time), investors were looking at quite a hill to climb heading into this week. Based on past precedent, expectations weren’t great. In the past, when the five FAAMG stocks (Facebook, Apple, Amazon, Microsoft, and Alphabet) have reported earnings in the same week, their performance and the performance of the S&P 500 during that week has generally been poor. In the five prior occurrences where this occurred since 2015, the S&P 500 was down during that week four out of five times, and the only positive return was a modest gain of 0.14% in the week ending 4/30/21.
This week came and went, and the bulls were unfazed by the challenge. Despite mixed reports from the companies reporting– three of which were down on their earnings reaction days– the S&P 500 managed to rally more than 1% and hit record intraday highs on four of the week’s five trading days.
In this week’s Bespoke Report, we discuss all the issues impacting the market this week along with what to expect in the final two months of the year. 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.
Oct 22, 2021
This week’s Bespoke Report is an updated version of our “Pros and Cons” edition for Q4 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 Premium.
Oct 15, 2021
This week’s Bespoke Report newsletter is now available for members.
Markets and economic data are starting focus more tightly on rising inflation. Energy prices are soaring, industrial metals are at record levels, and employers are faced with an avalanche of quits and job openings. But supply responses are underway, with oil rigs spinning up, natural gas output rising, and millions of Americans piling into the labor market to meet the demand for workers. Earnings are also starting off strong this season with much better results from Wall Street trading firms and less cost of credit from money center banks. Consumer goods are also rolling in from China as the bilateral trade deficit reported by that country this week. We discuss all of this 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.
Oct 8, 2021
This week’s Bespoke Report newsletter is now available for members.
After some rocky trading to kick off the month, it was hard for many to believe that the S&P 500 was actually up over 2% in the first full week of October. Regardless of how it got there, a win is a win no matter how messy it was. Despite the rally to kick-off October, the S&P 500 finished the week right around 3% from its record closing high on September 2nd.
Some people reading this are enjoying a three-day weekend in observance of Columbus Day on Monday, but the market will be open on Monday, and investors will be looking for major US indices to show some signs of which way they plan to break out of the current state of limbo we find ourselves in heading into the weekend. Will earnings season be the catalyst to get stocks back to their recent highs, or will the fact that this week’s rally ran out of steam just shy of the 50-day moving average end up, in retrospect, being the beginning of a new leg lower?
In this week’s Bespoke Report, we’ll look to shed some light on these questions as well as recap some of the key trends facing the market. There are a ton of insights on both markets and the economy in this week’s newsletter, and you can read it now with a two-week trial to our subscription service — Bespoke Premium. Click here to learn more about Bespoke Premium and start a two-week trial if you’re interested.
Oct 1, 2021
This week’s Bespoke Report newsletter is now available for members.
September 2021 ended with a thud this week with the S&P 500 falling 1.2% on the last trading day of the month. The turn of the calendar to October marked a turning point for the market as well, as the S&P rose 1.15% on the first day of the month to close out the trading week. This week’s Bespoke Report looks closely at the recent action in leading groups and sectors like the semiconductors and the transports. We also check in on the economy as the Delta wave recedes. There are a ton of insights on both markets and the economy in this week’s newsletter, and you can read it now with a two-week trial to our subscription service — Bespoke Premium. Click here to learn more about Bespoke Premium and start a two-week trial if you’re interested.
Sep 24, 2021
This week’s Bespoke Report newsletter is now available for members.
Whether you look at the earnings outlook, macroeconomic data, or the policy backdrop, we’ve reached a turning point in the trends that have defined the recovery from the COVID recession. We discuss all in detail in the latest edition of The Bespoke Report along with analysis of inflation and the ten year yield, cryptocurrencies, an update on our Death By Amazon and Amazon Survivors indices, events in China this week, housing market data this week, analysis of the Federal Reserves Q2 Flow of Funds report, and more.
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.
