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, as the S&P 500 finally closed above its 200-DMA, we show the returns following similar periods where the index spent several weeks below its average. In addition to returns, we look at how breadth has held up in those same periods as today was the highest percentage of net new highs since early December. Next, we provide an updated look at December’s JOLTS report from the BLS which continues to show a very strong labor market. After that, we turn our attention to the NY Fed’s quarterly release of consumer credit data which showed continued growth in debt to record levels. We delve in depth into this credit data to get a read on the health of consumer credit.
See today’s post-market Closer and everything else Bespoke publishes by starting a 14-day free trial to Bespoke Institutional today!