May 27, 2016
The S&P 500 (SPY) posted a nice gain of 2.25% this week, pushing the ETF up to +3.07% YTD. While the Nasdaq 100 (QQQ) gained even more this week at +3.41%, it’s still down 1.57% on the year. Looking at the ten S&P 500 sectors, Technology (XLK) — which had been underperforming recently — came roaring back this week with a gain of 3.25%. As the largest sector of the S&P 500 (20%), big gains for Tech usually mean big gains for the market.
Outside of the US, Brazil (EWZ) was down big with a decline of 4.08%. India (PIN), on the other hand, was up 4.66% — more than any other country ETF in the our asset class performance matrix below. One other country worth pointing out is Canada (EWC). Canada’s market was up 2.4% on the week, and it’s up 4.34% QTD. For the year, Canada has quietly posted a gain of 15.07%. All is well in the North when oil is rallying. The oil ETF (USO) is now up 23.5% quarter to date. Please have a look at this week’s asset class performance matrix below:
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Have a great Memorial Day weekend!
May 20, 2016
The S&P 500 (SPY) gained 36 basis points this week while the Dow (DIA) fell 41 basis points. For the quarter, SPY is down exactly one basis point — it doesn’t get much closer to the flat-line than that! Please have a look at this week’s asset class performance matrix below:
Each week, Bespoke sends clients across all of its subscription levels the Bespoke Report newsletter. If you’re looking for Bespoke’s analysis of current market internals, economic data, earnings beats and misses, individual stock ideas, and more, the Bespoke Report has it all.
Continue reading this week’s Bespoke Report by starting a 14-day free trial to our paid content below.
Have a great weekend!
May 13, 2016
Equity markets across the globe remain in the red both in May and for the second quarter. Year-to-date, the US is still in the green but not by much. Outside of the US, some areas are up (Brazil, Russia, Australia) but most are down. Please have a look at this week’s asset class performance matrix below:
Each week, Bespoke sends clients across all of its subscription levels the Bespoke Report newsletter. If you’re looking for Bespoke’s analysis of current market internals, economic data, earnings beats and misses, individual stock ideas, and more, the Bespoke Report has it all.
Continue reading this week’s Bespoke Report by starting a 14-day free trial to our paid content below.
Have a great weekend!
May 6, 2016
Each week, Bespoke sends clients across all of its subscription levels the Bespoke Report newsletter. If you’re looking for Bespoke’s analysis of current market internals, economic data, earnings beats and misses, individual stock ideas, and more, the Bespoke Report has it all.
Continue reading this week’s Bespoke Report by starting a 14-day no-obligation free trial to our paid research platform.
Have a great weekend!
Apr 29, 2016
Each week, Bespoke sends clients across all of its subscription levels the Bespoke Report newsletter. If you’re looking for Bespoke’s analysis of current market internals, economic data, earnings beats and misses, individual stock ideas, and more, the Bespoke Report has it all. If you sign up for a subscription between now and Sunday, you’ll receive a 20% discount for the life of your membership! Simply choose one of the offerings below to gain access to some of the best research you’ll find anywhere. Here’s a matrix of the products included with each level of service.
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Below is a look at our asset class performance matrix using key ETFs traded on U.S. exchanges. We typically include this in our Bespoke Report newsletter mentioned above. Major equity indices in the U.S. fell over the last week to leave them up marginally for the month of April. While the S&P 500 and Dow both fell 1.3% on the week, the tech-heavy Nasdaq 100 (QQQ) got taken to the woodshed by 3%. The ETF for the index is now down 5.21% on the year while the S&P 500 SPY ETF is up 1.73%. That’s significant negative performance divergence for the QQQs due to big declines in some of the largest components like Apple (AAPL), Alphabet (GOOGL), and Microsoft (MSFT).
Outside of the US, Brazil’s market (EWZ) continues to surge higher as energy and commodity prices rebound. EWZ is now up 42.7% year-to-date. While Brazil is surging on the commodities rebound, Japan is faltering. The EWJ ETF fell 6.5% this past week alone as Japanese central bankers failed to provide investors with the accommodative monetary policy they craved.
Have a great weekend!
Apr 22, 2016
Each week, Bespoke sends clients across all of its subscription levels the Bespoke Report newsletter. If you’re looking for Bespoke’s analysis of current market internals, economic data, earnings beats and misses, individual stock ideas, and more, the Bespoke Report has it all. If you sign up for a subscription between now and Sunday, you’ll receive a 20% discount for the life of your membership! Simply choose one of the offerings below to gain access to some of the best research you’ll find anywhere. Here’s a matrix of the products included with each level of service.
Newsletter Annual – $316/yr (20% off)
Newsletter Monthly – $39/mo (20% off)
Premium Annual – $795/yr (20% off)
Premium Monthly – $79/mo (20% off)
Institutional Annual – $1595/yr (20% off)
Institutional Monthly – $155/mo (20% off)
Below is a look at our asset class performance matrix using key ETFs traded on US exchanges. The S&P 500 (SPY) ETF traded up 0.57% this week — not much, but at least it wasn’t in the red like the Nasdaq 100 (QQQ). The Tech-heavy Nasdaq fell 1.5% due to negative earnings reports from high-profile names like Alphabet (GOOGL), Netflix (NFLX) and Microsoft (MSFT). QQQ is now underperforming SPY by more than 500 basis points year-to-date.
Looking at the ten sectors, we saw defensive areas get hit hard, while Energy, Financials, Health Care and Materials posted nice gains. Outside of the U.S., Brazil and India were the only countries in the red for the week, which left the Emerging Markets ETF (EEM) in the red as well. Commodities saw big jumps with the exception of gold, while Treasury ETFs were down across the board.
Have a great weekend!
