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Looking for deeper insight on markets? In tonight’s Closer sent to Bespoke Institutional clients, as the S&P 500 along with a number of other assets hover near their 200-DMAs, we look back at other times that similar situations have occurred. We also see what FX has to say about the US economy as USDJPY surged above its 50-DMA today. Ahead of the NY Fed’s quarterly breakdown of consumer credit, we look at the higher frequency of Black Knight’s mortgage monitor data on credit performance of US home buyers which is showing delinquencies hitting new lows. Moving on to commodities, we then discuss a variety of crude market geographic and grade differentials and see what they have to say about oil’s supply/demand. Turning back to equities, we take a look at the historical reactions for stocks beating earnings and revenue estimates as well as for those that raised guidance. We break this down and offer a look at each sector’s earnings reactions.
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