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, we cover how the Russell once again failed to hold above the 200-DMA. We draw an ominous parallel to another instance that the index has acted this way in the past. Staying on the topic of the Russell 2000, we show why the high share of unprofitable companies in the index may not necessarily be a call for concern. Moving onto commodities, using today’s USDA monthly crop data, we show the impressive trend of growth in agriculture’s productivity. We finish with a note on today’s JOLTS report which missed estimates but still remains strong relative to the labor force.
See today’s post-market Closer and everything else Bespoke publishes by starting a 14-day free trial to Bespoke Institutional today!