Aug 15, 2019
Even though the S&P 500 fell 19.8% from peak to trough in late 2018, and even though the index was up 20%+ YTD in early July, take a look at the two data points below. Yesterday’s 2.92% decline left the S&P at nearly the exact same level it was at one year ago.
S&P 500 close on 8/14/19: 2,840.60
S&P 500 close on 8/14/18: 2,839.96
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 free trial to Bespoke Premium. CLICK HERE to learn more and start your free trial.
Aug 14, 2019
This week has started off with a 1%+ decline on Monday followed by a 1%+ gain on Tuesday. The same thing happened last week. Since 1952 when weekend trading ended and the five-day trading week began, there have only been three other instances in which this has happened. The forward returns for stocks following these three occurrences are quite amazing.
Find out why 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 free trial to Bespoke Premium. CLICK HERE to learn more and start your free trial.
Aug 13, 2019
Yesterday marked the second straight Monday with a 1%+ decline for the S&P 500. Since the bull market began, there have only been 4 other back-to-back 1%+ Monday declines, and the S&P averaged a nice gain of 3.24% over the next 4 trading days when that has happened. Will today be another “turnaround Tuesday” like we saw last Monday, or will the technicals continue to break down even further?
Find out 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 free trial to Bespoke Premium. CLICK HERE to learn more and start your free trial.
Aug 12, 2019
Equity futures were higher overnight but have since sold off ahead of the open. The S&P 500 SPY ETF is currently trading down 0.50% in the pre-market. The 10-Year Treasury yield has fallen another 5 basis points down to 1.68%, causing the yield curve (10s/3s) to further invert. Protests in Hong Kong continue to strengthen, causing the Hong Kong airport to cancel all flights today.
Bespoke’s Morning Lineup is the best way to start your trading day. Read it now by starting a two-week free trial to Bespoke Premium. CLICK HERE to learn more and start your free trial.
Aug 9, 2019
Thursday’s rally in US equities helped cap off one of the most impressive rebounds in recent memory as the S&P 500, Nasdaq, and even the Russell 2000 erased all of their losses from Monday. After the massive party, we look to be closing out the last day of the week with a bit of a hangover. Markets in Asia were mixed overnight, but Europe is broadly lower with declines of over half of one percent. US futures are also indicating a similar decline at the open, while treasury yields are modestly lower across the board. Oil is still down 4% on the week but is up more than 5% from its lows on Wednesday, while gold remains above $1,500 per ounce. Continue reading in today’s Morning Lineup.
Bespoke Morning Lineup – 8/9/19
Aug 8, 2019
After a rocky few days for global financial markets, there’s an eerie sense of calm in the market today as both US futures and treasury yields are little changed (but depending on when you read this, there’s a good chance that things could change). Oil is trading higher by close to 2% after reports yesterday that Saudi Arabia has put all options on the table in its efforts to stop the decline in crude oil prices, while gold is down nearly 1% but still above 1,500 per ounce as the flight to safety is on hold for now. Continue reading in today’s Morning Lineup.
Bespoke Morning Lineup – 8/8/19
