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Bespoke Investment Group provides some of the most original content and intuitive thinking on the Street. Founded by Paul Hickey and Justin Walters, formerly of Birinyi Associates and creators of the acclaimed TickerSense blog, Bespoke offers multiple products that allow anyone, from institutions ...more

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Payrolls Rolling Lower
A very weak jobs number from the Labor Department for the month of March just rolled in. Nonfarm payrolls fell 701K in March compared to 273K added jobs in February.
Consumers Turn Bearish On Equities
The percentage of consumers expecting stock prices to decline nearly doubled from 21.7% up to 39.2% while the percentage of consumers looking for higher prices dropped from 43.1% down to 32.3%.
Sentiment Staying Home
Like the S&P 500 and many Americans practicing social distancing, investor sentiment hasn’t moved too far over the past week. Bullish sentiment rose from 32.9% to 34.24%.
New Record Doubles The Old Record
Last week, a record number of Americans filed for unemployment as initial jobless claims surged to 3.283 million.
The Good, The Bad, And The Ugly Commodities In Q1
Very few assets have been winners recently, especially in the commodities space. No major energy or metal commodities (front-month futures) rose in March and gold was the only one to rise in the first quarter.
Q1 2020 Asset Class Performance Matrix
Small-caps and mid-caps have both been hit harder than large-caps, while growth outperformed value by a wide margin.
Under The Hood Weakness From ISM
Forecasts were calling for the headline number to fall to 45 from 50.1 in February. Instead, it only fell to 49.1 which is still a contractionary reading but much better than expected and actually 1.3 points above the December low of 47.8.
Quarter-End Market Performance: Intraday Rallies But A Brutal Last Hour
Since 1983, intraday performance on quarter-end has had a dramatic set of swings: from a boring morning to a dramatic afternoon rally and brutal selloff into the close.
Some Charts Hanging In There
Given the route of equities across sectors over the past month and a half as well as the subsequent rally in the past week, most charts out there look very messy.
Daily Economic Data Shows Scale Of COVID-19’s Impact
Since COVID-19 activity shut-downs started to roll across the country back in early March, a number of industries have taken massive hits.
This Week’s Economic Indicators - Monday, March 30
US economic data is beginning to show adverse effects from the coronavirus with several indicators doing so in dramatic fashion.
S&P 500 Industry Group Performance Numbers After COVID Crash
Looking at the S&P 500’s industry groups, everyone is now up over the last week since last Monday’s low. The only standout is the Food & Staples Retailing group which is only up 1.3%.
Claims Collapses Citi Surprise Index
The economic impacts of COVID-19 have begun to appear in the past few weeks’ data releases. Given that these impacts have been decidedly negative, the Citi Economic Surprise Index for the US has turned sharply lower.
Chewy (CHWY) Breaks Out
CHWY fell 36% from a high in late February to its recent low in mid-March.Since making that intraday low on March 12th, however, the stock is up 76.5%, and it broke out to a new high last Friday.
Why Is The VIX So High?
With the equity market surging last week, seeing VIX​ close little-changed versus the prior Friday may have been confusing for some investors.
How Much Cash For Households?
This morning the US House of Representatives is planning to pass the $2 trillion dollar economic stimulus package voted out of the Senate 96-0 earlier this week after intensive negotiations between the White House, Senate and the House.
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