Log-in here if you’re a member with access to the Closer. Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we start out with a rundown of tonight’s earnings including the mega-caps: Microsoft (MSFT) and Alphabet (GOOGL) (pages 1 and 2). Given we have gotten the earnings of some of the space’s biggest names, we also check up on our AI baskets’ performance recently (page 3).  Next, we provide an overview of investor sentiment (pages 4 and 5) before closing out with a 5 year auction review (page 6). See today’s full post-market Closer ..read more

This content is for members onlyThe post Bespoke’s Weekly Sector Snapshot — 4/25/24 first appeared on Bespoke Investment Group ..read more

The S&P 500 may have rebounded since this time last week, but sentiment has continued its slide.  This week’s AAII Sentiment Survey saw only 32.1% of respondents report as bullish, the lowest percentage since  11/2/23.  In total, bullish sentiment has declined 17.9 percentage points since just four weeks ago when it hit 50%. That is the largest drop since December 2021 for any given four-week span. Given the drop in bulls, bears have picked up to 34%. However, that reading was little changed week-over-week with a modest 0.1 percentage point increase.  Like bulls, this ..read more

This content is for members onlyThe post Chart of the Day – GDP: The Good, The Bad, & The Ugly first appeared on Bespoke Investment Group ..read more

US equity futures were already significantly lower on earnings weakness from Meta (META) prior to the 8:30 AM ET release of today’s key economic indicators, but they took another leg lower after Q1 GDP came in much weaker than expected and PCE came in hotter than expected.  Weaker economic growth and higher inflation are certainly not bullish for equities. With about 15 minutes to go before the opening bell at 9:30 AM ET, the S&P 500 ETF (SPY) is trading down more than 1% in the pre-market. Below is a look at all prior gaps down of 1%+ at the open for SPY since it began trading in 199 ..read more

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. “Move fast and break things. Unless you are breaking stuff, you are not moving fast enough.” – Mark Zuckerberg Below is a snippet of commentary from today’s Morning Lineup. Start a two-week trial to Bespoke Premium to view the full report.   After three days of gains, a fourth doesn’t look likely today. The largest drag thi ..read more

To read our weekly Bespoke Report newsletter as well as our latest quarterly Global Macro Update and access everything else Bespoke’s research platform has to offer, start a two-week trial to Bespoke Premium. The post The Bespoke Report – 4/19/24 – No More Peppers Please! & Global Macro Update first appeared on Bespoke Investment Group ..read more

Log-in here if you’re a member with access to the Closer. Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we start out with a look into the dynamics of immigration and labor supply (page 1).  We then review the latest earnings reports including those of Meta Platforms (META) (page 2).  Next, we look at durable goods orders (page 3) before closing out with recaps of the 5 year note auction (page 4) and EIA inventory data (page 5). See today’s full post-market Closer and everything else Bespoke publishes by starting a ..read more

This content is for members onlyThe post Daily Sector Snapshot — 4/24/24 first appeared on Bespoke Investment Group ..read more

Searching for ways to better understand the fixed income space or looking for actionable ideas in this asset class?  Bespoke’s Fixed Income Weekly provides an update on rates and credit each week.  We start off with a fresh piece of analysis driven by what’s in the headlines or driving the market in a given week.  We then provide charts of how US Treasury futures and rates are trading, before moving on to a summary of recent fixed-income ETF performance, short-term interest rates including money market funds, and a trade idea.  We summarize changes and recent developments f ..read more