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!
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!
The US equity market closed the week at record highs and stock markets around the world have roared back from last week’s lows amidst lower bond prices and an onslaught of earnings. We dive deep into the results and performance for US companies reporting this season, as well as diving into markets across Europe and Asia to take a look at results from names reporting since last Friday.
In addition to earnings and equity prices, we review economic data in the US and around the world, the outlook for the world’s most important currency market, rotation within the commodities space, and more in this week’s Bespoke Report.
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!
This week’s Bespoke Report newsletter is now available for subscribers. Here’s the intro:
Just when you thought you saw it all, along comes the saga of GameStop (GME). The stock’s rally, which actually has been going on for months but really went into orbit in the last few weeks, seems to make no fundamental sense. GME is basically the Blockbuster of video games. It sells physical versions of video games that most players are now buying digitally or streaming. None of this was news to anyone paying attention, and the stock had been a favorite of the short-selling community for years. If you were just coming to the eureka moment that the GME business model faced structural headwinds, you probably shouldn’t be in the investment business.
With such a stiff secular headwind howling in its face, GME’s surge has been completely written off as market manipulation and a concerted effort by the reddit community to take out the short-sellers. And when you see charts like this, it’s not fundamentals driving the stock. The trading in GME was originally written off as a bunch of ‘video-game playing yahoos’ on message boards blindly following each other, but in the story of GME that has emerged, there was a method to the madness. Fitting to GameStop’s motto, it was a “Power to the Players” moment, where we were reminded of the quote, “Within every lie, there is usually a hint of truth, and within every truth, there is always a hint of a lie.”
To read this week’s full newsletter and access everything else Bespoke’s research platform has to offer, start a two-week trial to one of our three membership levels.
This week’s Bespoke Report is an updated version of our “Pros and Cons” edition as we proceed through Q1 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 free trial to Bespoke Premium. Enter “THINKBIG” at checkout to receive a 10% discount once the trial ends. You won’t be disappointed!
Global equity markets took a breather this week as a quick debate played out amongst the FOMC over whether asset purchases might be “tapered” this year. Bond markets got a peak of the big fiscal support they priced in last fall and after Democrats retook the Senate on January 6th via Georgia runoffs. COVID prevalence looks to be peaking in the US as vaccine distribution starts to scale up despite an uneven run. And the galaxy of aggressive retail investors continue to press their favorite plays despite a hiccup for renewables stocks this week.
Put together, it feels like investors are starting to see the light, even if that light doesn’t necessarily mean good things for the market as a whole. Earnings season covering calendar Q4 will provide more insight as companies have started to report in earnest.
We discuss all the data and details that mattered this week, including a US earnings preview, reversals in renewable stocks, big gains for highly shorted names, a possible bottom in the dollar, the policy backdrop in China, commodity price action, and more in this week’s Bespoke Report.
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!