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Financial Research, Money Management
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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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Small Businesses Sit Out Growth
The NFIB published the results of its latest survey of Small Business Optimism. While economists expected a modest decline, the index rebounded from 88.5 in March to 89.7 in April.
Shorts Surge
Although the massive rally in GME today is impressive, overall, highly shorted stocks have not done much since their heyday from a few years back.
Highest And Lowest Price To Sales (P/S) Ratios
In the S&P 1500 there are just under 1,175 stocks that have positive next-year EPS estimates and trailing 12-month revenues of more than $1 billion.
The Year Of The Utes?
The Utilities sector has been the second best of the eleven S&P 500 sectors so far in 2024, and it's the best performing sector so far in May.
Claims Fine In Spite Of Superlatives
Just like last week's data, the weekly jobless claims number was a disappointment with seasonally adjusted initial claims totaling 231K.
S&P 500 Gaps 1%+ Higher
The S&P 500 ETF (SPY) gapped up 1% at the open this morning, so here is a quick summary of how the ETF has typically traded on days when it gaps up 1%+.
Bears Come Out Of Hibernation
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.
NFLX Earnings; Poor Seasonality
Netflix is set to report Q1 earnings after the close today.
All Good Things Come To An End
The rally from the October lows through the end of March was enough to make any bull giddy, but April has brought a decidedly different market mood.
A Lengthy Amazon Streak Ends
​​​​​​​Amazon was the latest mega-cap to make a new all-time high today after experiencing a drawdown of 50% during the 2022 bear market for stocks.
Inflation, Poor Sales, And Fewer Jobs
While the index was expected to tick up to 89.9 from 89.4 in February, it instead dropped down to 88.5. That is the weakest reading since December 2012.
“A Big F-ing Deal”
On a relative basis, managed care stocks underperformed the S&P 500 by 5.6 percentage points for the day.
Streaks Of The S&P 500
Not only has the S&P 500 been extended versus its 50-DMA, but it has also traded overbought relative to its 200-DMA.
Equities Shine Over Bonds
Helped mainly by the massive gain since late October, the S&P 500’s one-year trailing total return through the end of March clocked in at an eye-watering 30.5%
Q1 2024 Asset Class Performance, Big Winners And Losers
The first quarter of 2024 ended with the S&P 500 posting a total return of 10.4%.
Five Straight
The S&P 500 will end March with a gain of more than 1%, making it the 5th straight month with 1%+ gains.
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