Jan 10, 2020
This week’s Bespoke Report newsletter is now available for members.
The mess in Iran this week turned into a great contrarian indicator for equity markets as stocks ripped off the lows which geopolitical concerns forced equities to earlier in the week. Oil reversed off of its recent highs as well, with the crude-positive headlines offering an excellent chance to sell the news for a third time this year. European data has improved somewhat of late, part of a broader upturn in global economic surprises that has seen PMIs mostly return to expansion. Credit markets have confirmed that economic upturn and the equity market rally, and with the Fed likely to remain dovish thanks to weak wage growth revealed in the December Employment Situation Report released today, it’s easy to see why stocks have been so quick to shrug off the Iran mess.
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!
Dec 31, 2019
This week’s Bespoke Report is an updated version of our “Pros and Cons” edition as we get set for the first quarter of 2020.
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. Each bullet point is not meant to be weighted equally, but the fact that we have an equal number of pros and cons suggests that we don’t see a clear and compelling case for either the bulls or the bears right now.
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!
Nov 22, 2019
This week’s Bespoke Report newsletter is now available for members.
US equity indices all broke multi-week winning streaks this week. However, given the fact that we came into the week at extreme overbought levels, the House began public impeachment inquiry hearings, and the possibility of a phase one trade deal with China was thrown in to doubt, we could just as easily argue that market should have been down a lot more. Consider the fact that even Kenneth Starr, the special prosecutor in the Whitewater investigation of President Clinton said that Ambassador Sondland’s testimony had “the potential to be a game-changer.”
In reaction to the ‘bombshell’ testimony, the S&P 500 was down 0.38%. Quick, somebody call the Fed! After this week’s modest declines, not a whole lot has changed in the market’s technical picture. The S&P 500 remains well above its breakout levels from October, and while it may no longer be at ‘extreme’ overbought levels, it remains overbought as it has for a month now.
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 and small caps, an important development in the semiconductor space, economic data, earnings, and a lot 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!
Nov 15, 2019
This week’s Bespoke Report newsletter is now available for members.
A persistent rally in US equity indices has continued this week, with equity markets at all-time highs in the US and confirming price action from other global indices. We take a look at economic data, technicals, and the earnings backdrop in the US and Europe. We also review commodity and credit markets as well as many other topics in this week’s Bespoke Report newsletter. 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!
Nov 8, 2019
This week’s Bespoke Report newsletter is now available for members.
Technicals are looking pretty positive for the US stock market, but what about sentiment levels and valuations? We answer this question and cover many more topics in this week’s Bespoke Report newsletter. 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!
