The Closer – Rates of Change, China Range, Diffusion Index, Home Sales Surge – 1/22/20

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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 Nasdaq’s gains through various rates of changes. We then look at the return of intraday volatility in Chinese equities. Turning to macroeconomic data, we review today’s Chicago Fed National Activity Index and existing home sales in addition to an update to our Economic Indicator Diffusion Index.

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The Closer – Sick Day for EM – 1/21/20

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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we take a look at the effects the new virus out of China has had across assets before reviewing some of the major earnings reports out tonight and this week.  Next, we review some market internals including the number of new highs and the percentage of stocks showing an overbought RSI reading. We also look at the price action in natural gas before finishing with a recap of the Mexican unemployment rate.

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The Closer: End of Week Charts — 1/17/20

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 – Small Cap Surge, Manufacturing Mumbo Jumbo, Trade Prices – 1/16/20

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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 recent outperformance of the small cap Russell 2000 and overbought conditions of the large cap S&P 500.  Next, we show the differing performances of gold and silver over the past few months before turning to macroeconomic data including today’s releases of continuing jobless claims, manufacturing sentiment, and trade prices.

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The Closer – Banking On Earnings, PPI Pause, Beige Book, Business Starts – 1/15/20

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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 analyst earnings estimates which have been on the rise before reviewing returns on equity and credit markets for banks.  Next, we review today’s release of PPI and update our Beige Book index.  We then take a look at census data on business start ups. We close out tonight with our weekly look at EIA data.

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The Closer – High Commodities, Low Inflation, Picking APAC – 1/14/20

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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we kick things off with a look at what copper and crude oil are suggesting for the health of the global economy. Turning to inflation data, we review today’s CPI release as well as what it means for the path of the Fed.  In addition to today’s CPI release, we also look at leading inflationary indicators. We then glimpse at credit spreads before evaluating the attractiveness of APAC countries.

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