May 24, 2022
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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we begin tonight with a look at the huge reversal in the dollar while commodities have resumed a move higher (page 1). We follow up with the quarterly update from the FDIC on aggregate balance sheets of institutions covered by its deposit insurance (page 2). Turning to housing data, we then recap the latest new home sales data (pages 3 and 4) followed by an update of some Five Fed Composite charts (page 5). We finish with a recap of the 2-year note auction (page 6).
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May 23, 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 taking a look at how economic data performance relative to expectations has slid. We also provide a quick recap of today’s Fedspeak (page 1). Next, we review the Chicago Fed National Activity Index (page 2) followed by the Federal Reserve’s release of the Report on the Economic Well-Being of US Households (page 3). We then dive into a handful of interesting energy-related data points (page 4) before previewing this week’s Treasury auctions (page 5) and recapping last week’s Commitments of Traders report (pages 6-8).
See today’s full post-market Closer and everything else Bespoke publishes by starting a 14-day trial to Bespoke Institutional today!
May 19, 2022
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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we start with a rundown of bad economic data’s implications for the Fed and some of tonight’s earnings reports (page 1). We then dive into the collapse in existing home sales (page 2) and the brutal changes to housing affordability (page 3). Elsewhere in economic data, we dive into the how leading and coincident indicators are rolling over and what that means as a recessionary signal (page 4). After an update of our Five Fed Manufacturing Composite (page 5), we close with a look at today’s tailing 10 year TIPS 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!
May 18, 2022
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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we start out tonight with a look at the increase in inventories for major retailers (page 1) followed by an update on energy inventories per the latest EIA data (page 2). We then show how dramatic of a drop certain areas of the market saw today and the ratios of Consumer Discretionary and Energy to Consumer Staples and their predictive power of recessions (page 3). Pivoting over to housing data, we review today’s residential construction figures (pages 4-6) before finishing with a recap of today’s 20 year bond auction (page 7).
See today’s full post-market Closer and everything else Bespoke publishes by starting a 14-day trial to Bespoke Institutional today!
May 17, 2022
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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we begin tonight’s Closer with a look at the Fed Chair’s comments and some political news (page 1) followed by a look at some technical updates on the Hang Seng Tech index and ARK Innovation ETF (ARKK) (page 2). Turning to macro data, we delve into the very strong industrial production data released today (page 3) including a look at how the COVID drawdown compares to others throughout history (page 4). We finish with a note on electricity production (page 5).
See today’s full post-market Closer and everything else Bespoke publishes by starting a 14-day trial to Bespoke Institutional today!
May 16, 2022
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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we begin tonight with a rundown of recent merger and acquisition news and the overall slowdown of activity (page 1). Next, we note the relationship between the Empire Fed survey and stock prices (page 2) followed by a recap of today’s Treasury International Capital flow data (page 3). We then look at credit card defaults and wheat exports (page 4) followed by a preview of this week’s Treasury auctions (page 5). We finish with a look at last week’s Commitments of Traders data (pages 6 through 8).
See today’s full post-market Closer and everything else Bespoke publishes by starting a 14-day trial to Bespoke Institutional today!
