The Closer – Charting Commodities, Earnings, New Homes, Manufacturing – 10/24/19

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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 the charts of commodities before reviewing today’s biggest earnings reports.  Next, we cover today’s new home sales data which came in stronger than expected.  We finish with a bit of manufacturing data including an update on our Five Fed Manufacturing Composite with the addition of the Kansas City Fed and the durable goods report.

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The Closer – Uptrends Occurring, Bye-Bye Mario, Fund Flows, Oil Import Collapse – 10/23/19

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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 European equity markets which are beginning to break out of downtrends or sideway trends. We also take a glance around the globe at the number of global indices approaching 52-week highs. Turning to economic data we review Eurozone consumer confidence and the departure of ECB’s Mario Draghi. We finish tonight with our weekly update on ICI Fund Flows and EIA petroleum data.

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The Closer – More Brexit Drama, Rough Night for Earnings, Regional Feds Positive – 10/22/19

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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we begin tonight with a summary of today’s Brexit developments and the subsequent market reaction.  We then show how multiple markets including metals and small caps have been moving in lockstep with rates. Next, we review several of tonight’s earnings reports including Chipotle (CMG), Snap (SNAP), and Texas Instruments (TXN). Turning to macro data, we finish with an updated look at our Five Fed Manufacturing Composite, existing home sales, and the Bank of Canada’s Q3 business outlook surveys.

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The Closer – EMFX, Dollar Positioning, Building Reversals, Banks, Canada Votes – 10/21/19

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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we go over multiple FX currencies including KRW, the Taiwanese dollar, Chinese yuan, and Chilean peso. We also look at how speculators are positioned on the US dollar and reasons to expect further dollar weakness. We then review banks’ breakout before turning to a primer on the Canadian election.

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The Closer: End of Week Charts — 10/18/19

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 – Europe Rejections, Construction Cruising, Manufacturing Divergence – 10/17/19

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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, beginning with a technical note, we show the resistance European markets have run into and the breakdown in the dollar.  Moving onto economic data, we show the pause in September home construction data. We then provide an update to our Five Fed Manufacturing Composite, including the massive divergence between the Empire and Philly Fed’s indices with ISM. We finish with a look at today’s EIA data.

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