Jul 22, 2024
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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we lead off with a recap of the latest earnings (page 1) followed by a look into the latest apartment data from the National Multifamily Housing Council (page 2). After a preview of this week’s upcoming Treasury auctions (page 3), we recap the latest positioning data (pages 4 – 7).
See today’s full post-market Closer and everything else Bespoke publishes by starting a 14-day trial to Bespoke Institutional today!
Jul 18, 2024
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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we lead off with a recap of Netflix (NFLX) earnings and a preview of the rest of earnings season (page 1). We then check in on the historic rotation at a sector level (page 2) before recapping today’s economic data including leading indicators and an update of our 5 Fed Manufacturing Composite (page 3). We close out with a review of the 10-year TIPS auction (page 4).
See today’s full post-market Closer and everything else Bespoke publishes by starting a 14-day trial to Bespoke Institutional today!
Jul 17, 2024
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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we lead off with a look at the massive difference in performance between two leading industries: the Dow Transports and the Semiconductors (page 1). We then dive into the latest earnings and the Beige Book (page 2). Next, we recap today’s residential construction data (pages 3 and 4) before pivoting over to the newest update of petroleum stockpiles (page 5). We close out with a recap of the 20 year bond reopening (page 6).
See today’s full post-market Closer and everything else Bespoke publishes by starting a 14-day trial to Bespoke Institutional today!
Jul 16, 2024
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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we discuss how wistory was made today as the Russell 2,000 closed 4.4 standard deviations above its 50-DMA. No other major US index (Dow since 1900, S&P 500 since 1928, and Nasdaq since 1971) has ever closed at that much of an extreme. In tonight’s Closer, we discuss the streak of gains that brought it to that overbought reading (page 1). We also compare growth versus value across the market cap spectrum (page 2). Next we dive into the latest reading on homebuilder sentiment and the surge in homebuilder stocks (pages 3 and 4).
See today’s full post-market Closer and everything else Bespoke publishes by starting a 14-day trial to Bespoke Institutional today!
Jul 15, 2024
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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we lead off with a look at how the Russell 2,000 nearly closed at the most overbought level on record (page 1) followed by some commentary on Powell’s interview at the Economic Club of Washington (page 2). We then preview this week’s Treasury sales (page 3) before diving into the latest positioning data including the multiple superlatives in currency positioning (pages 4 – 7).
See today’s full post-market Closer and everything else Bespoke publishes by starting a 14-day trial to Bespoke Institutional today!
Jul 11, 2024
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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we review a massive day in equity markets that saw historic rotation between the performance of equal-weight indices and market cap-weighted indices. Small caps soared, megacaps flopped, and the whole market spun on a dime thanks to a blockbuster CPI report that showed inflation returning to target. That report opens the door to the start of the long-awaited easing cycle.
See today’s full post-market Closer and everything else Bespoke publishes by starting a 14-day trial to Bespoke Institutional today!
