Jun 25, 2021
This week’s Bespoke Report newsletter is now available for members.
Global stocks touched new highs this week, with the S&P 500 leading the way, despite a liftoff in short-term interest rates that anticipate a much more hawkish Fed than was expected prior to the June FOMC meeting last week. Fed hawks have been joined by EM policymakers this week, as surprise guidance for hikes and actual rate raise surprises were found across emerging market economies. US economic data was somewhat mixed, as the prospect of peak PMI readings and weaker home sales numbers match up with broadly solid data in other areas. Core inflation continues to accelerate per PCE data released Friday. We discuss the data backdrop along with infrastructure developments, EM currencies, commodity prices, cryptocurrencies, the possibility of a Delta variant COVID surge in the US, and more in this week’s Bespoke Report.
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Jun 18, 2021
This week’s Bespoke Report newsletter is now available for members.
In the spirit of Father’s Day weekend, how many times as a child do you remember hearing the phrase above? Maybe not so much anymore, but growing up in the past, kids have always been told from a young age that ‘father knows best.’ If he said to do something, you better be obedient and do it – or else. While it remains as temperamental and prone to outbursts as ever, in recent weeks, the market has not necessarily been the obedient child that investors would prefer to see.
For going on months now, you can’t look at a newspaper without reading about out-of-control prices or inflation and what it means for interest rates and a number of other parts of the financial world. The only problem is that interest rates haven’t been following orders.
From the FOMC to the big rotation from value to growth, there was a lot to cover this week, and we do so in this week’s Bespoke Report. Enjoy this week’s report, and have a great weekend. Happy Father’s Day!
To read the Bespoke 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.
Jun 11, 2021
This week’s Bespoke Report newsletter is now available for members.
Fourteen years ago this week, the series finale (Made in America) aired for what many critics believe is the greatest television show in history — The Sopranos. The show, which was as much a critique of American culture as it was a mob story, ended with the Soprano family gathering for dinner in a New Jersey diner while Journey’s Don’t Stop Believin’ played.
Seeing the 14-year anniversary of Made in America got us thinking back to those days in spring 2007, because that’s right around the time when we launched Bespoke. Once we opened our doors, only a few months would pass before the Financial Crisis hit, upending the financial industry for a good 18-24 months. Yet Bespoke made it through, and we are forever thankful for those early clients (many of which are still with us) that signed up to read our reports like this one, the Bespoke Report newsletter. We don’t have an exact count, but based on 14 years of weekly publications, we should be at well over 600 releases by now!
There was not a lot going on in financial markets this week as the economic calendar was light and we’re right in the middle of the earnings off-season. US markets have been very calm since Memorial Day which is typical for this time of year. This week we saw minimal moves for the S&P 500. Monday saw a decline of 8 basis points, Tuesday saw a gain of 2 basis points, Wednesday saw a drop of 18 basis points, and on Thursday the index gained just under half a percent. We closed out the week on Friday with another small gain of 20 basis points.
Even though it was a slow week, there’s always plenty for us to cover, and we do so in this week’s Bespoke Report. Enjoy this week’s report, and have a great weekend. We’re now 10 days away from the longest day of the year, so take advantage of the nice weather and extended daylight while we have it!
To read the Bespoke 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.
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.
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.
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!
