The Closer – FICC Recap, Transport Data Mixed, Strikes Surge – 12/26/19

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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 action in Treasuries and the dollar. We also review the continued rally for crude oil.  Next, we review truck and rail transportation data before finishing with a look at the impacts strikes and other worker stoppages have had this year.

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The Closer – Nine in a Row; Record High? Flip a Coin

Monday’s close was the 21st record closing high for the S&P 500 in the last 40 trading days.  In other words, over the last eight weeks, investors have been getting record closes more often than once every other day!  Pretty incredible.

In tonight’s Closer, we take a look at how the S&P 500 performed following prior periods where the index hit record closing highs more than half of the time over an eight-week period.

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The Closer: End of Week Charts — 12/20/19

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 – Stocks Surge, Sentiment Strong, Claimsonality – 12/19/19

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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 S&P 500’s price action compared to last year and relative to other years after Thanksgiving.  We also show one downside of optimistic sentiment levels. Turning to macroeconomic data, we show why claims data is not surging as the numbers may appear at first glance. We finish with a look at our Five Fed Manufacturing Composite before reviewing the current account composition.

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The Closer – Oil Up, Transportation Down, Canadian Hawks, Flow Floors – 12/18/19

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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we begin by looking at crude oil which has continued its run higher even in the face of bearish EIA data released this morning.  Next, we review freight volumes before turning to Canadian inflation with a particular focus on home prices.  We finish with a look at ICI’s data on fund flows.

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The Closer – Greatwill, Strike Rebound, JOLTs Surge, Permits Perfect – 12/17/19

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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we provide some insights into the goodwill of S&P 500 companies before turning to today’s very strong economic data including very positive housing results, industrial production, and job openings.

See today’s post-market Closer and everything else Bespoke publishes by starting a 14-day free trial to Bespoke Institutional today!