The Bespoke Report — 2/14/20
This content is for members onlyThe Bespoke Report – 2/7/20 – Holding Our Breadth and Our Chips
This week’s Bespoke Report newsletter is now available for members.
What a difference a week makes. Last week at this time, we noted on the website, that based on the Timing scores in our Trend Analyzer tool, the short-term picture for major US averages had shifted from ‘Poor’ or ‘Neutral’ as of 1/17 to ‘Good’ for every single one. We noted that “While not what we would classify as a ‘Perfect’ set up right now, for investors who have been waiting for a pullback, the window is starting to open.” The window didn’t stay open for long, though, as the S&P 500 rallied and rallied hard this week. With a gain of over 3% on the week, it was the best week since June.
In this week’s Bespoke Report, we provide our take on everything going on in the market this week, including the latest on the coronavirus, market internals, economic data, and earnings season. 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 Bespoke Report — 1/31/19
This week’s Bespoke Report newsletter is now available for members.
Along with in-depth analysis of the 2019-nCov outbreak and its potential impact on global financial markets, this week we take a deep dive into recent earnings results from a dozen or so of the largest US companies (see pages 29-31). We also provide our thoughts on potential 2020 election outcomes and whether the market is not yet pricing in the real possibility of socialist Senator Bernie Sanders winning the nomination.
In this week’s Bespoke Report, we provide our take on everything going on in the market this week, including the action in international markets, global economics, and cross-asset price action. 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 Bespoke Report — 1/24/20
This content is for members onlyThe Bespoke Report – 1/17/20 – The Dominant Dozen
This week’s Bespoke Report newsletter is now available for members.
We’re just twelve days into the new year, but already it’s a year that is topping some strategists year-end targets. Granted, they were extremely conservative heading into the year, but if you’re a Wall Street strategist and already you’re going back to the drawing board just twelve days into the year, it’s going to be a long year.
For analysts, it’s a similar predicament. As of this week, the average analyst target price for stocks in the S&P 500 is just 4.64% above the average actual share price. Going back to at least 2004, there has never been another time where stock prices have been so close to their average analyst price targets. As an analyst, it’s hard to justify a buy rating on a stock if it’s trading at your price target!
In this week’s Bespoke Report, we provide our take on everything going on in the market this week, a preview of the upcoming earnings season, and how to view the market after what has already been a great start to the year. 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!
