The Closer – Fed Pricing, Short Interest, Commercial Paper, CCCs – 5/18/21

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Looking for deeper insight into markets?  In tonight’s Closer sent to Bespoke Institutional clients, after looking over various asset performance today, we show market pricing for monetary policy. Next, we take a look at short interest of some high flyers like Tesla (TSLA) and the Ark Innovation ETF (ARKK).  Turning to macro data, we show some details of today’s residential housing starts.  We close out with a look into commercial paper.

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The Closer – New Energy Highs, Value Rotation, LIBOR Record Low, Overseas Flows – 5/17/21

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Looking for deeper insight into markets?  In tonight’s Closer sent to Bespoke Institutional clients, after a recap of today’s price action across assets, we take a look into the relationship between value and momentum.  We then take a peek at the record lows for dollar LIBOR followed by a recap of today’s TIC data.  We close out with a look into Canadian housing and this week’s Treasury auctions.

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The Closer – End of Week Charts – 5/14/21

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.

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The Closer – Support For Small Caps, Refiner Margins, Check Out Chile – 5/13/21

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Looking for deeper insight into markets?  In tonight’s Closer sent to Bespoke Institutional clients, after showing where the S&P 500 and Russell 2000 found support, we review tonight’s earnings reports followed by an overview of the relative strength of FAANG names.  Next, we look at crack spreads and gasoline term structure before a review of the PPI report. We then look into Chile and other trade balances in Latin America. We close with a review of today’s 30 year bond auction.

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The Closer – Inflation For The Record Books, But For How Long? – 5/12/21

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Looking for deeper insight into markets?  In tonight’s Closer sent to Bespoke Institutional clients, first up, we go over the market reactions to the CPI release followed by an actual deep dive into the numbers of the report.  Next, we recap today’s 10-year note auction.  We then look into consumer credit data and EIA petroleum stockpiles.

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The Closer – Colonial Catastrophe, Local Real Estate, Election Data – 5/11/21

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Looking for deeper insight into markets?  In tonight’s Closer sent to Bespoke Institutional clients, after an update on the situation regarding the Colonial Pipeline hack and tonight’s earnings reports, we show data from Zillow on home prices by zip code.  Next, we show some of the shifts in voting demographics.  We close out with a recap of today’s 3-year note auction.

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