Jun 15, 2022
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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we start out by providing commentary on the FOMC’s policy decision and some contradictions offered by Powell (pages 1 & 2). We then show the reaction across assets (page 3). We follow up with an additional note on consumer spending (page 4) before turning to petroleum inventory data (page 5). We finish with a look at the 150 day long streak without an overbought reading in the S&P 500’s 14-day RSI (page 6).
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Jun 14, 2022
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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we start out tonight by showing how it is not just the US that is hitting 52-week lows (page 1) followed by a decile breakdown of the S&P 1500 to show the massive declines across factors (page 2). Next, we show the extreme moves in high yield ETFs, the dollar, natural gas, and other commodities (page 3). We then switch over to a recap of today’s PPI data (page 4) including a look at what it implies for core PCE (page 5).
See today’s full post-market Closer and everything else Bespoke publishes by starting a 14-day trial to Bespoke Institutional today!
Jun 13, 2022
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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we take a look at the broad collapse across assets including how the drop in bitcoin compares to bonds and the S&P 500 (page 1). We then show the dramatic declines in European STIRs (page 2), policy pricing (page 3), and mortgage-back securities (page 4). Next, we show the horrendous breadth reading for the S&P 500 and what credit spreads and the VIX have done (page 5). Turning over to some macro data, we show how consumer expectations and financial conditions have changes (pages 6-8) before closing with a recap of the latest Commitments of Traders report (pages 9-11).
See today’s full post-market Closer and everything else Bespoke publishes by starting a 14-day trial to Bespoke Institutional today!
Jun 9, 2022
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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we begin tonight noting the differences between equity markets’ and other assets’ concerns over tomorrow’s CPI print as well as what jobless claims data is showing for the unemployment rate (page 1). Next, we dive into the Fed’s Flow of Funds report including a domestic debt breakdown, corporate leverage and interest burdens, and household wealth breakdowns (pages 2-5). Turning over to mortgage data, we show the latest delinquency rates as well as a look at state level non-current loan rates (pages 6-7). We close tonight’s note with a recap of the solid 30 year bond reopening held this afternoon (page 8).
See today’s full post-market Closer and everything else Bespoke publishes by starting a 14-day trial to Bespoke Institutional today!
Jun 8, 2022
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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we begin by taking a look at the reasons for the volatility in natural gas markets (page 1). We follow up with a pivot over to macro data showing today’s update on wholesale inventories and sales (page 2). Next, we show the moves in mutual fund and ETF flows (page 3) before recapping the latest EIA data (pages 4 and 5). Turning to labor data, we then show how job postings are reflecting other macroeconomic trends (pages 6 and 7). We finish with a recap of the weak 10 year note reopening (page 8).
See today’s full post-market Closer and everything else Bespoke publishes by starting a 14-day trial to Bespoke Institutional today!
Jun 7, 2022
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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we begin with a look at the performance of the Transportation sub-indices and homebuilders (page 1) followed by the latest update on supply chains from logistics managers (pages 2 and 3). We follow up with a rundown of today’s update of the trade deficit (pages 4 and 5). We finish with a review of the weak demand for 3 year notes at auction (page 6).
See today’s full post-market Closer and everything else Bespoke publishes by starting a 14-day trial to Bespoke Institutional today!
