The Closer – Momentum Leading, Crude Rejecting, Fund Flows Fading – 5/6/20

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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we look at how momentum names have led the S&P 500 recently. We then show crude oil’s rejection of its 50-DMA as inventories continue to rise.  We finish with a look at weekly fund flows.

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The Closer – Broken Trend, Ripping Oil, Collapsing Deficit, Consumer Credit – 5/5/20

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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we look at how the S&P 500 has broken its recent uptrend and the massive rally in crude oil over the past 10 days.  Next, we delve deep into March trade data and consumer credit data.

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The Closer – Sunday Signal, Refiners Rally, Loan Details – 5/4/20

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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we review performance after big rallies from futures gaps down, the shape of the volatility futures curve, performance of refiners, manufacturing data, and today’s quarterly update on loan officer outlooks.

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The Closer: End of Week Charts — 5/1/20

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 – Mega Cap Tech Impact, Income & Consumption Collapse – 4/30/20

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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we look at the largest stocks impact on the S&P 500 this year before shifting to today’s personal income and spending numbers.  Both experienced sharp declines in March. We close out tonight’s note with an updated look at what high frequency indicators are tracking for GDP.

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The Closer – Forceful Fed, Growth Collapse – 4/29/20

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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we begin with a look across assets at the reaction to today’s FOMC decision.  We then look at the dollar’s recent action before turning to today’s GDP release who’s decline was primarily driven by weakness in services. We close out tonight with our weekly recap of EIA petroleum stockpiles.

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