Small Business Optimism Pulls Back

Small business optimism showed a meaningful pullback in November on both an absolute basis and relative to expectations.  While economists were forecasting the headline index to come in at a level of 107.0, the actual reading was 2.2 points lower, making it the weakest report relative to expectations since April and the … [Read More...]

2019 Outlook Report — Yield Curve & Fed

Our 2019 Bespoke Report market outlook is the most important piece of research that Bespoke publishes each year.  We’ve been publishing our annual outlook piece since the formation of Bespoke in 2007, and it gets better and better each year!  In this year’s edition, we’ll be covering every important … [Read More...]

2019 Outlook Report — Housing

Our 2019 Bespoke Report market outlook is the most important piece of research that Bespoke publishes each year.  We’ve been publishing our annual outlook piece since the formation of Bespoke in 2007, and it gets better and better each year!  In this year’s edition, we’ll be covering every important … [Read More...]

Morning Lineup – Treasury Bid Continues

Treasuries continue to catch a bid this morning as investors don’t want to stick their necks out on the risk curve ahead of today’s jobs report.  Given all the volatility in markets and other events swirling around recently, it seems as though this morning’s report has taken … [Read More...]

Morning Lineup – China Hopes Wear Off Fast

Well, that didn’t last long.  The shelf life of news headlines these days is increasingly short, and the weekend’s positive trade headlines between the US and China are just another example.  Less than 24 hours after a strong positive opening Monday morning, when we combine the decline off the … [Read More...]

Bitcoin Keeps Crashing

What a difference a year makes!  Last year at this time, bitcoin was in the middle of a run where it seemed to break through 1,000-point thresholds every couple of days (and in some cases even faster).  Now, the leading crypto-currency is seemingly crashing through 1,000 point thresholds to the … [Read More...]

Bespoke Morning Lineup – Short But Not Sweet

It was bound to happen sooner or later given the weakness, and we started to see it this week as individual investors grow increasingly nervous.  In this week’s sentiment survey from AAII, bearish sentiment ticked up to its highest level since February 2016. Start a two-week free trial to … [Read More...]

Rude Crude

While US equities are set to trade lower on this holiday-shortened day after Thanksgiving, the big story is the sharp drop in crude oil prices.  Crude is trading down over 5% this morning to another 52-week low near $50 per barrel.  Looking at the chart, it’s amazing to … [Read More...]

Apple Falls Hard From the Tree

With a decline of nearly 25% in less than eight weeks, the recent plunge in Apple (AAPL) has been noteworthy enough, but when you consider the fact that it came from a point where the company had a market capitalization of over $1.1 trillion, we’re not sure if a … [Read More...]