The Closer – Lower High, Huge Housing – 10/20/20

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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we begin by showing some past times the S&P 500’s pattern has looked similar to today before reviewing tonight’s major earnings reports.  Then we dive deep into housing reviewing the cost of a new home, residential construction numbers, and how the stocks of housing-related industries have performed.

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The Closer – Value Divergence, Winter Is Coming, Shocking The Vote, Positioning – 10/19/20

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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we begin with a look at the outperformance of value stocks relative to momentum today.  Next, we show where the worst areas are for COVID around the globe. We then look at the election outlook by applying national numbers to the state level.  Afterward, we delve into Commitment of Traders positioning data and a preview of this week’s Treasury auctions.

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The Closer: End of Week Charts — 10/16/20

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 – Energy Info, Europe Earners, COVID Surge in France, Five Fed – 10/15/20

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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we take a look at some of the few winners out of the energy sector before recapping this week’s EIA data.  We then provide an update on notable European earnings and include a look at the surge in COVID cases in France. We close out with a review of our Five Fed Manufacturing Composite with the inputs of the New York and Philly Fed.

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The Closer – Small Caps Roll Over, Business Applications Surge, Banks, Sentiment – 10/14/20

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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we start with a look at the roll over in the Russell 2000 as well as a recap of earnings reports that came out after the closing bell.  We then show the record rise in business applications.  Using the quarterly results of the big banks, we also show aggregate numbers for loan growth, net interest margin, and loan loss reserves.  We then take a look at state-level consumer sentiment and today’s PPI numbers.

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The Closer – Selling Unlike The Usual, Vaccine Drama, CPI Slows, FAST Shows – 10/13/20

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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we begin with a decile breakdown of what drove price action today. We then provide an update on the various developments on the vaccine front.  Next, we dive into JPM and Citi’s fundamentals following this morning’s earnings. After that, we recap today’s CPI data before finishing with a look at what Fastenal (FAST) monthly sales are indicating for Friday’s industrial production release.

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