Jun 4, 2021
This week’s Bespoke Report newsletter is now available for members.
The most heavily shorted stocks surged this week in a repeat of the action we saw in late January during the Gamestop (GME) saga. This week it was theater-chain AMC that surged, rallying more than 177% in less than two days at its intraday peak on Wednesday. We cover this week’s market moves, economic releases, and provide an in-depth sector analysis in this week’s Bespoke Report.
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May 28, 2021
This week’s Bespoke Report newsletter is now available for members.
High volatility stocks with big retail participation (so-called “meme” names) made a big come back this week and Chinese equities broke out. We discuss these moves along with the receding COVID pandemic, an increase in investors looking for a correction, a fresh decline in crypto markets, renewables power uptake in the US and how renewables stocks have been performing, earnings Triple Plays, very strong economic data across the world economy, surging gas prices and the oil production picture in the US, booming house prices but slowing new home sales, surprisingly affordable prices for new homes, solid consumer confidence, booming manufacturing activity from regional Fed surveys, revised US GDP in Q1, core PCE inflation numbers in the US, the outlook for an infrastructure package from Congress, 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!
May 21, 2021
This week’s Bespoke Report newsletter is now available for members.
In this week’s report, we highlight the market’s churn this week along with movements in the dollar, commodities, crypto, a review of the earnings season and economic data, and much more. 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!
May 14, 2021
This week’s Bespoke Report newsletter is now available for members.
In this week’s report, we highlight Tech’s ongoing weakness, take a look at dozens of “re-open” consumer stocks, analyze inflation readings, and much more. 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!
May 7, 2021
This week, we’re sharing a quick update on the global macro backdrop, with a review of cross asset performance, global equity markets, COVID vaccinations, payrolls data, earnings results from the current season, the outlook for earnings going forward, extremely strong PMI readings, a booming housing market and its interest rate exposure, uncompelling credit market valuations, tight commodity markets and surging price pressure, the role of crypto in driving equity market risk appetite, the outlook for Fed policy, some trade ideas, and more.
This week’s Bespoke Report newsletter is now available for members.
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!
Apr 30, 2021
This week’s Bespoke Report newsletter is now available for members.
If you’ve been following the market this week, you’ve probably heard the ‘frustration’ on the part of investors and commentators regarding the equity market’s inability to rally this week on what can only be characterized as great earnings, especially from the Fab Five of Apple (AAPL), Alphabet (GOOGL), Amazon (AMZN), Facebook (FB), and Microsoft (MSFT). Despite the tremendous results, the stocks didn’t necessarily perform uniformly well. On a median basis, the five stocks were up 2.27%,, but both AAPL and MSFT were down over 2%. Was it the greatest week for stocks? No. Could it have been worse? Definitely.
Heading into the week, one of the main concerns for the market was whether we would be able to get through the week unscathed as the five largest companies, representing more than a 20% of the entire S&P 500’s market cap, were all on the earnings calendar. Over the last ten years, there have only been four other weeks where all five companies reported in the same week, and all of them were tough for the broader market with weekly declines ranging from a loss of 0.21% in the week ending 5/1/20 to a decline of 5.64% in the last week of October. This week, the S&P 500 was only up 0.05%, but we’re not complaining.
In the case of AAPL, we heard a number of ‘analysts’ claim that the reason for its decline was that the results were too good. Really? By that logic, does it mean that if Apple missed estimates and guided lower, the stock would have traded higher? Come on. Markets and stocks are a two-way street. Sometimes they go up and sometimes they go down. Don’t’ get greedy.
As usual, this week’s Bespoke Report covers the major forces that are driving equity markets right now. 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!
