Aug 20, 2021
This week’s Bespoke Report newsletter is now available for members.
Before we get started with a preview of our weekly market recap, below we highlight recent performance across a wide range of ETFs representing various asset classes, national equity markets, and US sectors or indices.
- Global equities had a rough week although US stocks saw a decent rally into the close on Friday.
- Small-caps and mid-caps were down the most this week, while Energy, Financials, and Materials fell sharply as well. On the flip side, we saw nice gains in Health Care, Utilities, and Consumer Staples.
- We’ve seen steep declines in countries like Australia, Brazil, Canada, and China this week and this quarter, and international equities are underperforming the US in 2021 by a significant amount.
- The Bitcoin and Ethereum Trusts have surged in Q3, with GBTC up 32.7% and ETHE up 38%. ETHE is back up nearly 100% on the year after the bounce it has had.
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.
Aug 13, 2021
This week’s Bespoke Report newsletter is now available for members.
Before we get started with a preview of our weekly market recap, below we highlight recent performance across a wide range of ETFs representing various asset classes, national equity markets, and US sectors or indices.
Summer trading means a grind higher around the world. Europe hasn’t had a red day in two weeks, while the US earnings season has been as strong versus expectations as any in the past 20 years so far. We discuss the massive beat rates being recorded across the US earnings landscape, record guidance raises, the impact of the Delta variant versus vaccines both in the US and around the world, an inflection point in numerous sentiment indices, potential bottoming out in US housing inventory, sentiment analysis powered by search trends, the fiscal impact of the infrastructure bill, soaring cryptocurrency prices, the partisan divides visible in economic data, and 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.
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.
