The Closer: End of Week Charts — 12/7/18

Looking for deeper insight on global markets and economics?  In tonight’s Closer sent to Bespoke clients, we recap weekly price action in major asset classes, update economic surprise index data for major economies, chart the weekly Commitment of Traders report from the CFTC, and provide our normal nightly update on ETF performance, volume and price movers, and the Bespoke Market Timing Model.  We also take a look at the trend in various developed market FX markets.

Below is a snapshot from today’s Closer highlighting the performance of G10 currencies from the past year.  If you’d like to see more, start a free trial below.

Sample

The Closer is one of our most popular reports, and you can sign up for a free trial below to see it!

See tonight’s Closer by starting a two-week free trial to Bespoke Institutional now!

The Closer — Green Shoots, Banks vs Credit, US Data, Trade War Troubles — 12/6/18

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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we note some recent outperformance from market laggards but much weaker price action in the term structure of the oil market. We also discuss credit spreads and their relevance to banks’ performance versus the S&P 500. We then move on to US economic data: factory orders, sales, and inventories as well as the US trade balance. Speaking of which, we close with a look at the impact of tariffs on bilateral US-China trade activity. Bottom line: it’s not going well.

See today’s post-market Closer and everything else Bespoke publishes by starting a 14-day free trial to Bespoke Institutional today!

The Closer — Technical Selloff, Homebuilders The New Energy, Rates Positioning — 12/4/18

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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we review the 5th 3% decline for the S&P 500 this year. Selling has been in large part a function of technicals, but there are deeper fears about the possibility of recession. We compare the current sector suffering (housing) to the oil market weakness of 2014-2016, which is a good example of markets and pundits confusing sector weakness for secular weakness. We also take a look at fixed income relative value and positioning to get more insight on the massive flattening and bond rally of the last two days.

See today’s post-market Closer and everything else Bespoke publishes by starting a 14-day free trial to Bespoke Institutional today!

The Closer — Trade Effects, Inversion, Bond Rally, Construction, Autos — 12/3/18

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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we cover stocks’ unusual performance today on the backs of trade headlines, the UST curve inverting with the three year yield rising above the five year, and we finish by covering auto sales for the U.S., Canada, and Brazil in November.

See today’s post-market Closer and everything else Bespoke publishes by starting a 14-day free trial to Bespoke Institutional today!

The Closer: End of Week Charts — 11/30/18

Looking for deeper insight on global markets and economics?  In tonight’s Closer sent to Bespoke clients, we recap weekly price action in major asset classes, update economic surprise index data for major economies, chart the weekly Commitment of Traders report from the CFTC, and provide our normal nightly update on ETF performance, volume and price movers, and the Bespoke Market Timing Model.  We also take a look at the trend in various developed market FX markets.

Below is a snapshot from today’s Closer highlighting positioning of speculators in energy futures.  If you’d like to see more, start a free trial below.

Sample

The Closer is one of our most popular reports, and you can sign up for a free trial below to see it!

See tonight’s Closer by starting a two-week free trial to Bespoke Institutional now!

The Closer — Sector Dispersion, Crude Vol Reversion, GBP Aversion, PCE Occlusion — 11/29/18

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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we take a look at dispersion within S&P 500 sectors, the horrible run for the Mexican stock market that saw a reprieve of 3% gains today, extreme moves in the oil volatility markets, elevated risk premiums for GBP but less so for other GBP-denominated markets, and finally a recap personal income and spending numbers today from BEA (including much softer inflation numbers).

See today’s post-market Closer and everything else Bespoke publishes by starting a 14-day free trial to Bespoke Institutional today!