Jan 6, 2017
If you’re not yet a Bespoke subscriber, you can still get Bespoke’s 2017 Outlook Report with a 30-day free trial to Bespoke’s premium research! Click here to learn more.
The chart below is included on page one of this week’s Bespoke Report newsletter, which was just sent to Bespoke Premium subscribers. Don’t tell traders that Dow 20,000 is just a meaningless number. While many like to mock the focus on big round numbers in the financial media, Friday’s action for the index shows that someone out there is using 20,000 as something more than just an arbitrary level. The chart highlights the intraday minute-by-minute action of the Dow Jones Industrial Average today. The closest the index had gotten to 20,000 prior to today was 19,987, but by mid-day Friday, it looked as if a cross of the 20,000 level was a shoe-in. It never happened, though.
All afternoon, the index got close to 20,000 — as close as 19,999.63 in fact — but every time it got near 20,000, sellers stepped in with force to not let it happen. It appears as if there are a large number of sell orders right at Dow 20,000. We’ll have to wait until Monday now to see if all of those sells are still in place.
Even though NYSE floor traders couldn’t wear their Dow 20,000 hats home for the weekend, it is important to note that all three major indices (Dow, S&P 500, Nasdaq) still hit new intraday highs today, which is quite a healthy sign for the market.
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Have a great weekend!
Dec 16, 2016
Before getting to our weekly Bespoke Report and our asset class performance matrix, we want to tell you about our upcoming 2017 Outlook Report. This is our most popular report each year, and it’s a must-read for any serious investor. We have already begun releasing sections of the report this week, and more will be forthcoming next week. If you’re not yet a Bespoke subscriber, you can get Bespoke’s 2017 Outlook Report with a 30-day free trial to Bespoke’s premium research! Click here to learn more.
Below is a look at the recent performance of various asset classes using our key ETF matrix. This matrix is highlighted on page 2 of this week’s Bespoke Report newsletter, which was just sent to Bespoke Premium subscribers. As has been increasingly the case since the election, rather than just mostly winners or losers, this week winners and losers were mixed but this time with a downward bias.
If you’d like to see the rest of this week’s Bespoke Report newsletter, take advantage of our one-month Bespoke Premium free trial offer that includes our 2017 Outlook Report. Sign up now at this page.
Have a great weekend!
Dec 9, 2016
Before getting to our weekly Bespoke Report and our asset class performance matrix, we want to tell you about our upcoming 2017 Outlook Report. This is our most popular report each year, and it’s a must-read for any serious investor. If you’re not yet a Bespoke subscriber, you can get Bespoke’s 2017 Outlook Report with a 30-day free trial to Bespoke’s premium research! Click here to learn more.
Below is a look at the recent performance of various asset classes using our key ETF matrix. This matrix is highlighted on page 1 of this week’s Bespoke Report newsletter, which was just sent to Bespoke Premium subscribers. As shown in the matrix, US equities continue to surge since the November 8th election, and Financials are leading the way. At the same time, Treasuries continue to drop precipitously.
If you’d like to see the rest of this week’s Bespoke Report newsletter, take advantage of our one-month Bespoke Premium free trial offer that includes our 2017 Outlook Report. Sign up now at this page.
Have a great weekend!
Dec 2, 2016
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Nov 18, 2016
The post election rally continued this week, as one of the biggest sector rotations in memory continued. The bet that single party control of Washington will result in major deals on the issues businesses care most about, namely taxes and regulation, has continued unabated. Have investors gotten ahead of themselves? Maybe, but never underestimate the power of animal spirits in the market. The S&P 500 sticks out as the only major US index (top six charts) not to hit a new high this week, but it’s close and with the S&P equal-weight index making new highs, the market cap weighted index probably isn’t far behind.
If you’d like to see the rest of this week’s 40-page report covering market moves in this post-election period and what to expect going forward going forward, we cover it and much more in this week’s Bespoke Report newsletter, which we just sent to Bespoke subscribers. You can try out Bespoke’s subscription platform and read this week’s Bespoke Report by starting a 14-day free trial.
Have a great weekend!
Nov 11, 2016
Sometimes words just can’t do it justice, and while it seems like we have been using that phrase a lot recently, this week is certainly a fitting use of it. After the market rallied for two days to start the week on market expectations of a Clinton victory (or so the market thought) it followed with another two days of gains after Trump staged one of the biggest political upsets in US history. It was a perfect heads bulls wins, tails bears lose scenario!
On Friday things settled down a bit as the bond market was closed in observance of Veterans Day, but there was more than enough action in the week’s first four days to fill a whole month let alone a week. Before we go any further, we would like to extend a big thank you to all of our country’s veterans and their families. Again, words just can’t do it justice on how much you are all appreciated and we know how tough a job it must be.
While everyone is aware of what happened to markets this week, we wanted to quickly recap some of the major moves we saw across asset classes, and also mix in what investors can expect going forward. From there, we will recap the week’s economic data and where things stand with earnings season, and then finally give a brief recap of sentiment and emotions. We’ve all had a busy week, and hopefully this weekend we can all get some rest, because while there were fireworks this week, something tells us that they have only just begun.
While politics seemingly drove this week’s trading, the seeds of the rally were planted in the technicals. As we pointed out in last week’s report, in the sell-off that lasted through one week ago, the S&P closed last Friday right above its 200-DMA. Then on Monday, the S&P 500 bounced and hasn’t looked back. As long time Bespoke clients are aware, we realize that while every different approach to investing has its flaws, they also have their strengths that should be tracked and studied. In terms of technicals, if you are going to focus on anything, you should always be aware of a security’s or asset class’ long-term moving averages. This week’s bounce was actually the second time in six months that the S&P 500 successfully bounced right at or around its rising 200-DMA.
If you’d like to see the rest of this week’s 40-page report covering the election and possible implications going forward, we cover it and much more in this week’s Bespoke Report newsletter, which we just sent to Bespoke subscribers. You can try out Bespoke’s subscription platform and read this week’s Bespoke Report by starting a 14-day free trial. Below is a look at recent asset class performance using our key ETF matrix.
Have a great weekend!
