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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 Business Optimism Tops Expectations
Small business optimism from the NFIB posted a slight increase in August, but that was still more than enough to top consensus expectations.
Breadth Lagging New Highs
If current prices hold, the S&P will make a new all-time closing high today…eclipsing highs last made in early August.
Another New High: Finally
With the S&P 500 poised for an all-time closing high today, bulls are breathing a sigh of relief after what seems like forever since the S&P 500 last record close.
Investor Sentiment Improves From Depressed Levels
As bullish sentiment increased this week, bearish sentiment ticked lower, falling from 39.89% down to 34.98%, marking the third straight week that bears have outnumbered bulls.
Rise In Jobless Claims Surprises No One (Except Economists)
Jobless claims surged higher this week, rising from 236K up to 298K in what was the largest one week increase since November 2012 in the aftermath of Superstorm Sandy.
Breadth: It’s All About Perspective
While shorter term breadth readings have been weaker in the last several weeks than they were earlier this year, long-term readings look considerably more positive.
ISM Services Rises Less Than Expected
After last week’s ISM Manufacturing report came in at a six-plus year high, the current environment for the larger services sector was not nearly as strong.
Overall Breadth Neutral; Financials Sink
Entering today, 49.6% of stocks in the S&P 500 were above their 50-day moving averages.
ISM Manufacturing Sizzles
The weather may be cooling off, but today’s ISM Manufacturing report for August came in hot. While economists were expecting the headline reading to come in at a level of 56.5, the actual reading came in at 58.8.
Ford Truck Sales Strong
There hasn’t been a lot of good news in the auto sector lately, but today’s August results from Ford weren’t as bad as expected.
Non-Farm Payrolls End Of Summer Blues
It must be something about the end of Summer, but as we noted in our employment report preview yesterday, economists have historically done a horrible job predicting the change in Non-Farm Payrolls for the month of August.
End Of An Era For Jobless Claims?
Jobless claims once again came in at impressive levels this week, rising from 235K up to 236K compared to expectations for a reading of 237K.
Running Of The Bears
There still may technically be three weeks left in summer, but with Labor Day weekend fast approaching, the summer season is starting to wind down.
S&P 500 Back Above 50-DMA; Breadth Not Quite Caught Up
The S&P 500 has re-taken its 50-day moving average as we get set to begin the last trading day of August.
Gas Price Impact From Harvey
While prices have recently rallied due to the hurricane, we are just about to enter the time of year where prices begin their seasonal descent. If that pattern holds this year, don’t be surprised to see average gas prices decline in 2017.
Gold Ratios
The GLD ETF that tracks the yellow metal is now up 13% year-to-date after breaking out of a sideways range yesterday.
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