Dynamic Upgrades/Downgrades: 10/4/16
The Closer 10/4/16 – Macro Chart Hour
Looking for deeper insight on global markets and economics? In tonight’s Closer sent to Bespoke clients, we put together three pages of miscellaneous charts covering equities, equity volatility, corporate bonds, commodities, and FX.
The Closer is one of our most popular reports, and you can sign up for a trial below to see it and everything else Bespoke publishes free for the next two weeks!
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B.I.G. Tips – Strong Dollar Boosts Domestics
Bespoke Stock Scores: 10/4/16
September 2016 Headlines
ETF Trends: US Indices & Styles – 10/4/16
Commodities going in opposite directions have been by far the biggest driver of relative performance between our best and worst performing ETFs over the past week. As shown, oil-related ETFs have exploded higher while gold-related ETFs have lagged dramatically. A mixture of growth and defensive equities have also undeperformed badly including Utilities, REITs, and low volatility ETFs. Gainers include semiconductors, base metals, and EM.
Bespoke provides Bespoke Premium and Bespoke Institutional members with a daily ETF Trends report that highlights proprietary trend and timing scores for more than 200 widely followed ETFs across all asset classes. If you’re an ETF investor, this daily report is perfect. Sign up below to access today’s ETF Trends report.
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Gold Breaks Down, Dollar Picking Up
Gold is down nearly 3% today, and as shown below, the move lower has resulted in a serious breakdown below the $1,300 level. Look for $1,300 to now act as resistance instead of support.
The drop in gold today coincides with a rally in the US Dollar index. As shown below, the Dollar’s jump has pushed it above its highs from the last few months, but it still has work to do to get back up to the high 90s that were last seen in July.
Bespoke Bloomberg TV Appearance (10/3)
Bespoke’s Paul Hickey appeared on Bloomberg Go yesterday to discuss the declines in Deutsche Bank and its potential impacts on the market. To view the segment, please click on the image below.
Chart of the Day – Dreaming of Better Returns for salesforce.com
The four-day annual “dreamforce” conference for salesforce.com (CRM) kicks off today, and as the company has seen extraordinary growth over the years, dreamforce’s popularity has seen a commensurate rise. Heading into this year’s conference, the stock of CRM has been under pressure. After a disappointing earnings report on 8/31 and then rumors that the company was mulling a bid for Twitter (TWTR), shares of CRM have seen a decline of 11% since the end of August.
Conferences and other annual events can often serve as a springboard for a stock as companies tend to take an optimistic tone regarding their prospects. With that in mind, in today’s Chart of the Day, we looked to see how the stock of CRM has performed before, during, and after its annual dreamforce conference. See today’s Chart of the Day by starting a 14-day free trial to Bespoke’s premium research below.
The Closer 10/3/16 – Weak Construction, Stronger PMI, Autos Bounce
Looking for deeper insight on global markets and economics? In tonight’s Closer sent to Bespoke clients, we focus on the horrifically weak pace of infrastructure spending detailed in today’s construction spending report from the US Census (see chart below). We also discuss auto sales and PMI data released today.
The Closer is one of our most popular reports, and you can sign up for a trial below to see it and everything else Bespoke publishes free for the next two weeks!
Click here to start your no-obligation free Bespoke research trial now!