Apr 9, 2026
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- Despite the recent pullback, Brent crude oil remains on pace for $200/barrel by late May.
- Alongside software stocks, cybersecurity names have also gotten hit hard in the past few months, but there have been a handful of outperformers.
- Tech related categories for investment continue to surge as a share of GDP.
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Apr 9, 2026
Bespoke’s Consumer Pulse Report is an analysis of a huge consumer survey that we run each month. Our goal with this survey is to track trends across the economic and financial landscape in the US. Using the results from our proprietary monthly survey, we dissect and analyze all of the data and publish the Consumer Pulse Report, which we sell access to on a subscription basis. Sign up for a 30-day free trial to our Bespoke Consumer Pulse subscription service. With a trial, you’ll get coverage of consumer electronics, social media, streaming media, retail, autos, and much more. The report also has numerous proprietary US economic data points that are extremely timely and useful for investors.
We’ve just released our most recent monthly report to Pulse subscribers, and it’s definitely worth the read if you’re curious about the health of the consumer in the current market environment. Start a 30-day free trial for a full breakdown of all of our proprietary Pulse economic indicators.
Apr 9, 2026
See what’s driving market performance around the world in today’s Morning Lineup. Bespoke’s Morning Lineup is the best way to start your trading day. Read it now by starting a two-week trial to Bespoke Premium. CLICK HERE to learn more and start your trial.
“Success is like Halley’s Comet, you know. Every now and then it just comes around.” – Ross Perot
Below is a snippet of commentary from today’s Morning Lineup. Start a two-week trial to Bespoke Premium to view the full report.
While the S&P 500 still sits 2.8% below all-time highs, both the Dow Transports and Philadelphia Semiconductor index — two groups seen as “leading” indicators — hit new all-time highs yesterday. The charts below show the breakouts to new highs for these two closely-followed areas of the market.
While the Semis and Transports surged and held onto gains yesterday, the same can’t be said for Software. Below is an incredible two-day intraday chart of the Nasdaq 100 ETF (QQQ) versus the iShares Software ETF (IGV). While IGV and QQQ tracked each other closely through yesterday’s sharp upside open, software (IGV) collapsed from there and ended up closing down 1% on the day, while QQQ held steady and went out with a gain of nearly 3%.
Apr 8, 2026
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- US equity market valuations have turned significantly lower since peaking in late October of last year.
- Today’s release of the Fed Minutes took a more hawkish tone than recent meetings.
- Despite declines and the war, retail investor sentiment remained remarkably bullish in March.
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Apr 8, 2026
Bespoke’s Conference Call Recaps use AI to summarize lengthy earnings calls. The commentary below is AI-generated and then edited by Bespoke for quality control. As always, none of these summaries should be construed as recommendations to buy or sell any securities, and investors should do their own research and/or consult with a financial professional before making any investment decisions.
Our latest recap available to Bespoke subscribers covers Delta Air Lines’ (DAL) Q1 2026 earnings call.
Delta Air Lines (DAL) is one of the largest global airlines, differentiating itself through a premium-heavy product mix and a powerful loyalty ecosystem anchored by its American Express partnership. Delta serves both high-end leisure travelers and corporate clients, offering insight into global travel demand, consumer discretionary spending, and business activity trends. Delta delivered record Q1 revenue of $14.2B (+9.4% YoY) with EPS of $0.64, as demand remained resilient across corporate and premium segments. Cash sales rose double-digits, and corporate revenue hit a record, signaling strong travel demand despite macro uncertainty. The biggest storyline was fuel, with prices roughly doubling and adding over $2B in incremental costs for Q2. Delta is aggressively cutting low-return capacity and expects to recapture 40–50% of fuel headwinds near-term, with stronger pricing power building into summer. Management emphasized that high fuel prices could drive industry consolidation, positioning Delta to gain share. International demand (especially transatlantic and Asia) remains strong, while loyalty and premium offerings continue to drive margin expansion. DAL shares opened up 11% on 4/8 on better-than-expected earnings and trimmed guidance…
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Apr 8, 2026
See what’s driving market performance around the world in today’s Morning Lineup. Bespoke’s Morning Lineup is the best way to start your trading day. Read it now by starting a two-week trial to Bespoke Premium. CLICK HERE to learn more and start your trial.
“I looked for the same pitch my whole career, a breaking ball. I never worried about the fastball. They couldn’t throw it past me.” – Hank Aaron
Below is a snippet of commentary from today’s Morning Lineup. Start a two-week trial to Bespoke Premium to view the full report.
US equity futures are sharply higher this morning, set to open up nearly 3%, after a two-week ceasefire was reached between the US and Iran to open up the Strait of Hormuz and work towards a longer-term resolution. Of course, the anti-Trump commentary suggests that it’s a disastrous outcome for the US, while the pro-Trump commentary is saying this is all part of the President’s expert negotiating skills.
Our goal is to avoid the politics and focus on market action. Based on where futures are trading, the S&P 500 is set to move back above both its 50-DMA and 200-DMA at the open, leaving the index roughly 2.7% below its all-time closing high.
While stocks are up, front-month oil prices have crashed $20 down to the low $90s. After trading in overbought territory for 60 straight trading days, the S&P 500 Energy sector is down nearly 5% in pre-market trading. As shown below, the Energy sector ETF (XLE) will decidedly break its short-term uptrend when it opens this morning, but it’s still holding above its 50-DMA for now.
