Bespoke’s Matrix of Economic Indicators – 10/31/24
Our Matrix of Economic Indicators provides a concise summary analysis of the US economy’s momentum. We combine trends across the dozens and dozens of economic indicators in various categories like manufacturing, employment, housing, the consumer, and inflation to provide a directional overview of the economy.
To access our newest Matrix of Economic Indicators, start a two-week free trial to either Bespoke Premium or Bespoke Institutional now!
Bespoke’s Weekly Sector Snapshot — 10/31/24
Chart of the Day – November Seasonality; Election Year Rallies
Bespoke’s Morning Lineup — 10/31/24
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.
“Reality is an undefeated champion.” – Jeff Bezos
Below is a snippet of commentary from today’s Morning Lineup. Start a two-week trial to Bespoke Premium to view the full report.
As of 7:45 AM ET this morning, S&P 500 futures were trading down roughly 0.75% as both of the mega-caps that reported after the close yesterday trade lower. Below is a snapshot of SPY trading on Halloween (10/31) since the ETF began trading back in 1993. An opening gap lower of more than 0.66% would be SPY’s biggest open lower on Halloween since 2011.
A few sectors have really taken it on the chin over the last week: Health Care, Consumer Staples, and Utilities. As shown in the snapshot below from our Trend Analyzer tool, Health Care and Consumer Staples are currently trading in extreme oversold territory, while the Utilities sector is down 3.7% since last Thursday and nearing its 50-day moving average. At the same time, we’ve seen both Consumer Discretionary and Communication Services go in the other direction and trade at or near overbought territory.
The Closer – META & MSFT, GDP, Home Sales – 10/30/24
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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we lead off with a dive into all the latest earnings including results from Meta Platforms (META), Microsoft (MSFT), Starbucks (SBUX) and more (pages 1 and 2). We then review the first update of Q3 GDP data (page 3) in addition to a look at the rest of today’s economic data (page 4). We finish with an update on petroleum supplies (page 5).
See today’s full post-market Closer and everything else Bespoke publishes by starting a 14-day trial to Bespoke Institutional today!
Daily Sector Snapshot — 10/30/24
Chart of the Day – Super Micro (SMCI) Falls From Grace
Bespoke’s Morning Lineup — 10/30/24
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.
“People never lie so much as after a hunt, during a war or before an election.” – Otto von Bismarck
Below is a snippet of commentary from today’s Morning Lineup. Start a two-week trial to Bespoke Premium to view the full report.
Election Day is now less than a week away, and for those trying to keep up, below is a snapshot of where the Real Clear Politics (RCP) average of polls stand nationally and in key battleground states this morning compared to how they looked on this same day during the 2020 and 2016 Election Cycles.
As you can see, both Biden and Clinton were up significantly in most battleground states at this point in 2020 and 2016, while Trump is currently slightly ahead in all of the key states except for Michigan, which flipped back to Harris in the last day.
There are any number of ways that either side can analyze or spin the current polling numbers, prediction tools, and betting markets at this point, so we’re simply providing the numbers from RCP and leaving it at that. Anyone that feels confident that they know how things will turn out should probably just sit back and eat a slice of humble pie.
As shown below, the S&P 500 (SPY) has been mostly trending sideways over the last couple of weeks after a strong start to the month.
The sideways action has allowed the S&P’s 10-day advance/decline line to cool down and move back into negative territory.
The Closer – Job Postings, Home Prices, Stellar 7s – 10/29/24
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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we lead off tonight with an overview of the latest earnings (page 1). We then dive into the latest labor market data in the form of the JOLTS report (pages 2 and 3) and Indeed job postings (pages 4 and 5). Next, we check in on home prices (page 6) before closing out with a rundown on today’s very strong 7-year note auction (page 7).
See today’s full post-market Closer and everything else Bespoke publishes by starting a 14-day trial to Bespoke Institutional today!