Earnings Rundown: 2/23/24
Bespoke’s Morning Lineup — 2/23/24
See what’s driving market performance around the world in today’s Morning Lineup. Bespoke’s Morning Lineup is the best way to start your trading day. Read it now by starting a two-week trial to Bespoke Premium. CLICK HERE to learn more and start your trial.
“I don’t look to jump over seven-foot bars; I look around for one-foot bars that I can step over.” – Warren Buffett
Below is a snippet of commentary from today’s Morning Lineup. Start a two-week trial to Bespoke Premium to view the full report.
The S&P 500 rose more than 2% yesterday to close at a new all-time high, and as shown below, yesterday’s move pushed most areas of the US equity market up into extreme overbought territory.
Similar to the Nasdaq 100, yesterday was also the first time the S&P 500 had a one-day gain of at least 2% to close at a new all-time high since March 21st, 2000!
The green dots below show the 21 prior times the S&P had a 2%+ gain and closed at an all-time high since 1952. Yep, there have only been 21 prior occurrences over the last 70+ years.
For a closer look at how the market performed following prior moves like we saw yesterday, read today’s full Morning Lineup with a two-week Bespoke Premium trial.
The Closer – AI vs. Rates – 2/22/24
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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we provide commentary regarding rates and AI driving the market (page 1 and text provided below). We then dive into the latest earnings reports and Fedspeak (page 2). Next we cover bond issuance (page 3), existing home sales (pages 4 and 5), and the 30 year TIPS auction (page 6). We finish with a recap of the latest petroleum inventory data (page 7).
See today’s full post-market Closer and everything else Bespoke publishes by starting a 14-day trial to Bespoke Institutional today!
Bespoke’s Weekly Sector Snapshot — 2/22/24
Chart of the Day – Record Highs In Europe
Earnings Rundown: 2/22/24
Bespoke’s Morning Lineup — 2/22/24
See what’s driving market performance around the world in today’s Morning Lineup. Bespoke’s Morning Lineup is the best way to start your trading day. Read it now by starting a two-week trial to Bespoke Premium. CLICK HERE to learn more and start your trial.
“We should not look back unless it is to derive useful lessons from past errors, and for the purpose of profiting by dearly bought experience.” – George Washington
Below is a snippet of commentary from today’s Morning Lineup. Start a two-week trial to Bespoke Premium to view the full report.
The S&P and Nasdaq are both set to open at all-time highs this morning, but most notable is Japan’s Nikkei 225, which finally made a new all-time high after 34+ years!
After the Great Depression in the US, the S&P went 25 years without making a new all-time high, and Japan’s equity market beat that streak by nearly 10 years. As shown below, once the S&P finally did make that all-time high in the mid-1950s, it would go on to double in rather short order.
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The Closer – NVIDIA (NVDA) Earnings, Momentum, Terrible 20s – 2/21/24
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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we start with a look into the much anticipated earnings of NVIDIA (NVDA), EV makers, and more (page 1). We then check in on the factor performance (page 2) before recapping today’s release of the Fed Minutes (page 3). We finish with a rundown of this afternoon’s historically bad 20-year bond 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!