Jun 15, 2026
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“There’s always one more way to do things and that’s your way, and you have a right to try it at least once.” – Waylon Jennings
Below is a snippet of commentary from today’s Morning Lineup. Start a two-week trial to Bespoke Premium to view the full report.
What looked like a questionable week for the equity market up until early Thursday afternoon quickly turned positive, and US stocks finished the week broadly higher. Of the major index ETFs we track in our Trend Analyzer, the only one to finish the week lower was the S&P 100 (OEF), which tracks the 100 largest companies in the US, and it only traded down 0.13%.
Last week’s rally was broad, with smaller-cap stocks leading the market higher. The Russell Micro-Cap ETF (IWC) traded up over 4% and finished the week in overbought territory, while the Russell 2000 (IWM) also gained 4%. Mid-cap stocks also outperformed, with the Russell Mid Cap ETF (IWR) rallying close to 2.5%. Except for the Nasdaq 100 (QQQ), other large-cap indices lagged their smaller peers, trading higher by less than 1%.
Heading into the new week, the S&P 500 is 2.5% below its all-time high, so even after today’s open, the index will be trading shy of its recent highs. However, the declines from last week look increasingly like a successful test of the 50-day moving average, and traders will look to the 7,620 level to see how much resistance it puts up.
While large-cap stocks are still looking up at prior highs, smaller caps are looking in the opposite direction. The Russell 2000 traded at an all-time high to close out last week and will only add to those levels at the open this morning.
The broadening of the rally also shows up in the performance of the S&P 500 Equal Weight ETF (RSP), which closed at an all-time high last week. While the S&P 500 tested its 50-DMA last week, its Equal Weight peer never even got close to that level.
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Jun 12, 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 think we have a duty to maintain the light of consciousness, to make sure it continues into the future.” – Elon Musk
Below is a snippet of commentary from today’s Morning Lineup. Start a two-week trial to Bespoke Premium to view the full report.
Start a two-week trial to Bespoke Premium to continue reading today’s full Morning Lineup.
Jun 11, 2026
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“Stocks? We don’t have those Enron-type connections.” – Tony Soprano
Below is a snippet of commentary from today’s Morning Lineup. Start a two-week trial to Bespoke Premium to view the full report.
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Jun 10, 2026
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“I believe in the idea of the rainbow. And I’ve spent my entire life trying to get over it.” – Judy Garland
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 stocks are down and bond yields up ahead of the open after President Trump suggested on Truth Social that the US will resume bombings of Iran. Leading up to Trump’s comments, futures were already pointed lower, however, led by Tech.
It’s important to note that we’re seeing rotation within the market rather than out of the market. Yes, the broad indices are down because of Tech’s large weighting, but we’ve seen nice gains for sectors like Health Care, Real Estate, Consumer Staples, and Financials as Tech has been selling off.
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Jun 9, 2026
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“It’s not supposed to be easy. Anyone who finds it easy is stupid.” – Charlie Munger
Below is a snippet of commentary from today’s Morning Lineup. Start a two-week trial to Bespoke Premium to view the full report.
Crude oil is back below $90 this morning after President Trump suggested that a deal with Iran could be reached in the next 2-3 days. Equities are rallying as well with SPY up 40 bps pre-market and QQQ up double that at 80 bps.
Semis, AI, and quantum names are dominating the list of pre-market winners as investors rotate back into the areas that got hit hardest late last week.
After a 4%+ drop on Friday, the Nasdaq 100 (QQQ) rallied back 1.5% yesterday to start the new trading week. As shown below, the intraday range yesterday looks tiny compared to the huge red bar seen Friday. QQQ still needs to gain 3.3% just to get back to its closing level last Thursday.
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Jun 8, 2026
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“It takes less courage to criticize the decisions of others than to stand by your own.” – Attila the Hun (attributed)
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 bouncing back to start the new trading week with the S&P 500 trading up roughly 0.7% pre-market, and the Tech-heavy Nasdaq 100 up about 1.3%.
After a 33.7% rally from March 30th through last Tuesday’s close (6/2), traders finally rotated out of the QQQs late last week with a 5% drop from Wednesday through Friday. The S&P 500 ended a nine-week winning streak, and both the S&P and Nasdaq 100 moved out of overbought territory back to “neutral” levels.
As shown below, even with the drop on Friday, there’s still quite a large gap between current levels and the 50-DMA for both QQQ and SPY.
You can see the pullback into neutral territory in the snapshot of key index ETFs from our Trend Analyzer:
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