The Closer – Just Another Flat Day for Equities and Treasuries – 8/7/19

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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we recap the dramatic price action in the major indices and Treasuries, putting into context the strong intraday reversals. Turning to commodities, we then take a look at the divergence between gold and copper prices. We also show S&P 500 performance when the metals have acted as they have. We finish tonight with a recap of today’s bearish EIA data print.

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The Closer – Turnaround Holds True; Wither Energy – 8/6/19

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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we cover quite a few topics including what led the bounce back today, S&P 500 sector weightings and the drop to multi-decade lows for Energy, analyst buy ratings by sector, and the average share price of stocks in the S&P 500.

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The Closer – The Few, The Proud – 8/5/19

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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, as markets were sent reeling today in response to further escalations in the trade war, we show just how few stocks moved higher in today’s session and what performance has looked like following similar weak breadth readings. We also show how substantial the weakness has been across industry groups with a particular focus on semiconductors. We then look at some of the drivers and technicals of the yuan before finishing on some macroeconomic data including the ISM and Markit PMIs and the Sentix investor sentiment survey.

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The Closer: End of Week Charts — 8/2/19

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 – Who Does This Serve? – 8/1/19

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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we begin with our commentary on the situation surrounding the President’s announcement of further tariffs as well as an analysis on the volatile reaction across asset classes.  We finish with a look at some macro data including today’s release of US Markit PMI, Bloomberg Consumer Comfort, and Construction Spending.

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The Closer – Burn After Cutting – 7/31/19

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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we provide our commentary on today’s FOMC rate decision and subsequent press conference by Fed Chair Powell. We go over the broadly negative reaction across assets before turning to some of today’s macroeconomic data including the employment cost index and EIA petroleum data.

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