May 30, 2019
Log-in here if you’re a member with access to the Closer.
Looking for deeper insight on markets? In tonight’s Closer sent to Bespoke Institutional clients, we look at the VIX and small caps which closed at extreme oversold levels. We put into perspective what this means going forward. We then turn our attention to economic data with today’s release of pending home sales and the first revision of Q1 GDP. We highlight some of the labor and capex data in this release. With oil falling sharply today, we finish with a look at this week’s EIA data.
See today’s post-market Closer and everything else Bespoke publishes by starting a 14-day free trial to Bespoke Institutional today!
May 29, 2019
Log-in here if you’re a member with access to the Closer.
Looking for deeper insight on markets? In tonight’s Closer sent to Bespoke Institutional clients, beginning on a bearish note, we show the loose head and shoulders forming on the S&P 500 as the SPY also went below the 200-DMA intraday. We then show another technical pattern with similarities to the ends of the last two bull markets. One final bearish note, we make is corporate credit spreads signaling lower equity prices. Next, we turn to the Goldman Sachs financial conditions index which is beginning to mirror Fed policy. We finish with a complete look at the Five Fed manufacturing composite and ICI Fund Flows.
See today’s post-market Closer and everything else Bespoke publishes by starting a 14-day free trial to Bespoke Institutional today!
May 28, 2019
Log-in here if you’re a member with access to the Closer.
Looking for deeper insight on markets? In tonight’s Closer sent to Bespoke Institutional clients, we begin with a look at what the put-call ratio is signaling for equities. We also look at the underperformance of TLT following similar overbought readings to what it is currently showing, and the outperformance of European Tech. We then turn our attention to economic data with an updated look at our Five Fed Manufacturing composite given today’s disappointing Dallas Fed’s manufacturing activity gauge. Next, we expand on an earlier post highlighting how recent Conference Board Consumer Confidence reports have come in far more optimistic. We finish by showing the acceleration in home prices with today’s release of the Case-Shiller indices.
See today’s post-market Closer and everything else Bespoke publishes by starting a 14-day free trial to Bespoke Institutional today!
May 24, 2019
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.
The Closer is one of our most popular reports, and you can sign up for a free trial below to see it!
See tonight’s Closer by starting a two-week free trial to Bespoke Institutional now!
May 23, 2019
Log-in here if you’re a member with access to the Closer.
Looking for deeper insight on markets? In tonight’s Closer sent to Bespoke Institutional clients, we recap today’s price action with a look at the steep declines of FANG+ and crude oil. We also show forward performance of oil following similar declines. As tariffs have been on the receiving end of the finger pointing for recent performance, we then take a look at how import heavy companies have done. Turning to macro data, we update our Five Fed Manufacturing composite with the addition of the KC Fed’s index. We use this in combination with today’s flash PMI to evaluate the US manufacturing picture. We finish tonight with a look at today’s release of New Home Sales data.
See today’s post-market Closer and everything else Bespoke publishes by starting a 14-day free trial to Bespoke Institutional today!
May 22, 2019
Log-in here if you’re a member with access to the Closer.
Looking for deeper insight on markets? In tonight’s Closer sent to Bespoke Institutional clients, we review today’s release of the FOMC’s April 30th-May 1st meeting minutes. On the topic of commodities, we take a look at the underperformance of commodity-related equities. We also highlight the relationship between agricultural commodities and delinquency rates of farm loans. Next, we provide an update to this week’s ICI fund flow data and show what flows may look like going forward. We finish with our recap of weekly EIA data.
See today’s post-market Closer and everything else Bespoke publishes by starting a 14-day free trial to Bespoke Institutional today!
