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!
Nov 1, 2019
This week’s Bespoke Report newsletter is now available for members.
They say October is a month known for turnarounds, and while this October wasn’t particularly volatile, the market sure did stage a reversal. It may seem like eons ago, but heading into October, new highs for the market seemed like the last thing we would see. The trade war was still a major worry, and the ISM Manufacturing report dropped to its lowest level since 2009. Earnings season was also coming up on the horizon, and practically nobody was expecting anything even remotely positive in what corporate America had to say about the just-completed third quarter or its outlook for the rest of the year. So, what happened? Naturally, all of that negative sentiment seems to be just what the market needed to break out of its torturous range that’s been in place since early 2018.
Will the breakout in US equities continue? That’s the question facing investors heading into the first weekend of November, and in this week’s Bespoke Report we cover the market from a variety of different angles to shed some light on that question. Topics discussed include the performance of semiconductors, earnings season, the FOMC, sentiment, seasonal trends, and market internals. So, grab some coffee and a chair and read on for our latest take. 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. You won’t be disappointed!
Oct 25, 2019
This week’s Bespoke Report newsletter is now available for members.
Global equity markets are breaking out. The S&P 500 has poked above resistance that has held since mid-year, while 52-week closing highs were logged to close the week in Sweden, Switzerland, and the broad European Stoxx 600. We run through earnings results in the US and Europe, technical patterns in specific European sectors, the breadth of the US market, and give a complete rundown on economic data published this week both here in the US and impacting the broader global economy. We cover everything else you need to know related to trends in financial markets in our weekly Bespoke Report. 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. You won’t be disappointed!
Oct 18, 2019
This week’s Bespoke Report newsletter is now available for members.
The S&P 500 has been a bit top-heavy this month with the largest stocks in the index driving all of its October gains. We’ve seen interest rates start to push higher finally, which has helped Financials. The homebuilders have also extended gains even though mortgage rates have stopped going down. We’d be careful getting long the builders here given how overbought they’ve gotten. We cover everything else you need to know related to trends in financial markets in our weekly Bespoke Report. 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. You won’t be disappointed!
