Aug 6, 2021
This week’s Bespoke Report newsletter is now available for members.
Summer Fridays in August are typically quiet as a lot of traders and investors have better things on their minds than the stock market. Better things to do than watch the stock market? That’s hard to believe! What was looking like an extremely quiet week turned out to simply be a quiet one with the release of Friday’s stronger-than-expected July Non-Farm Payrolls. But heading into the closing bell, the S&P 500 was basically flat while the Nasdaq was lower. As we headed into the closing bell for the week, though, the old cliché to never short a dull market proved true again as the US equity market saw modest but broad-based gains on the week.
We cover market breadth, technicals, earnings, the economy, and much more in our full Bespoke Report newsletter. To read the report and access everything else Bespoke’s research platform has to offer, start a two-week trial to one of our three membership levels.
Jul 30, 2021
This week’s Bespoke Report newsletter is now available for members.
July 2021 lived up to its seasonal script of being the only summer month that typically sees gains. The S&P 500 (SPY) is ending the month with a solid gain of 2.5%, although it dipped red in the final week of the month as earnings and renewed COVID concerns stalled the rally a bit. While large-caps fell in the last week of July, it was good to see small-caps and mid-caps bounce back with gains after trading poorly for the better part of the month. For most of the past month or so, there’s been a concern among bulls that the rally was thinning, so this bounce back in small-caps and general breadth is a positive sign.
We cover market breadth, technicals, earnings, and sentiment in much more detail in our full Bespoke Report newsletter. To read the report and access everything else Bespoke’s research platform has to offer, start a two-week trial to one of our three membership levels.
Jul 23, 2021
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.
Jul 16, 2021
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.
Jul 9, 2021
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!
Jul 2, 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 Premium. Enter “THINKBIG” at checkout to receive a 10% discount once the trial ends.
