Bespoke Market Calendar — November 2024
Please click the image below to view our November 2024 market calendar. This calendar includes the S&P 500’s historical average percentage change and average intraday chart pattern for each trading day during the upcoming month. It also includes market holidays and options expiration dates plus the dates of key economic indicator releases. Click here to view Bespoke’s premium membership options.
Bespoke’s Morning Lineup — 11/1/24
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.
“The liabilities are always 100 percent good. It’s the assets you have to worry about.” – Charlie Munger
Below is a snippet of commentary from today’s Morning Lineup. Start a two-week trial to Bespoke Premium to view the full report.
While yesterday ended up being the worst Halloween trading day since 2011, the S&P 500 still ended the month with a year-to-date gain of 19.6%. That’s good enough for 2024 to be the best Election Year through October since 1936!
The S&P has pulled back from overbought levels this week and now sits just above its 50-day moving average. The S&P’s 10-day advance/decline line is now oversold, however, so market internals suggest a market that’s a bit weaker underneath the surface. If the 10-day A/D line falls a little further, we’ll start looking for an oversold bounce.
The Closer – More Megas, October Decile, PCE – 10/31/24
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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we lead off with a review of the latest major Tech earnings from Intel (INTC), Amazon (AMZN), and Apple (AAPL) (page 1). We then check in on decile performance for the month of October (page 2) before reviewing the latest economic data including PCE (page 3), the MNI Chicago PMI and ECI (page 4), and state level jobless claims (page 5).
See today’s full post-market Closer and everything else Bespoke publishes by starting a 14-day trial to Bespoke Institutional today!
Bespoke’s Matrix of Economic Indicators – 10/31/24
Our Matrix of Economic Indicators provides a concise summary analysis of the US economy’s momentum. We combine trends across the dozens and dozens of economic indicators in various categories like manufacturing, employment, housing, the consumer, and inflation to provide a directional overview of the economy.
To access our newest Matrix of Economic Indicators, start a two-week free trial to either Bespoke Premium or Bespoke Institutional now!
Bespoke’s Weekly Sector Snapshot — 10/31/24
Chart of the Day – November Seasonality; Election Year Rallies
Bespoke’s Morning Lineup — 10/31/24
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.
“Reality is an undefeated champion.” – Jeff Bezos
Below is a snippet of commentary from today’s Morning Lineup. Start a two-week trial to Bespoke Premium to view the full report.
As of 7:45 AM ET this morning, S&P 500 futures were trading down roughly 0.75% as both of the mega-caps that reported after the close yesterday trade lower. Below is a snapshot of SPY trading on Halloween (10/31) since the ETF began trading back in 1993. An opening gap lower of more than 0.66% would be SPY’s biggest open lower on Halloween since 2011.
A few sectors have really taken it on the chin over the last week: Health Care, Consumer Staples, and Utilities. As shown in the snapshot below from our Trend Analyzer tool, Health Care and Consumer Staples are currently trading in extreme oversold territory, while the Utilities sector is down 3.7% since last Thursday and nearing its 50-day moving average. At the same time, we’ve seen both Consumer Discretionary and Communication Services go in the other direction and trade at or near overbought territory.
The Closer – META & MSFT, GDP, Home Sales – 10/30/24
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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we lead off with a dive into all the latest earnings including results from Meta Platforms (META), Microsoft (MSFT), Starbucks (SBUX) and more (pages 1 and 2). We then review the first update of Q3 GDP data (page 3) in addition to a look at the rest of today’s economic data (page 4). We finish with an update on petroleum supplies (page 5).
See today’s full post-market Closer and everything else Bespoke publishes by starting a 14-day trial to Bespoke Institutional today!