Bespoke
@bespokeinvest
Bespoke Investment Group - Financial Markets Research. Learn more here:
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The S&P 500 made a new all-time high yesterday. Just three of eleven sectors are up since its prior all-time high on 8/13:
Tomorrow’s events include Energy Inventories at 10:30 AM ET and speeches from Fed presidents Barkin at 1:30 PM, Goolsbee at 5:10 PM, and Kashkari at 6:00 PM. Synopsys $SNPS also holds its investor day.
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Cal-Maine Foods $CALM, Conagra $CAG, FactSet $FDS, and Jabil $JBL report earnings tomorrow before the open, followed by Micron $MU and Progress Software $PRGS after the close.
Crude oil down to $89 this afternoon.
Bond Blues and Stock Divergences
House hunters bet on Las Vegas as it topped the list of cities for relocators, per @Redfin 2Q26 data, while Los Angeles saw the largest net outflow (more residents looking to move out than move in) … at the state level, Florida was the hottest destination
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Waking Up as September Ends via @bespokeinvest
The 10-year yield ticked down below 5.21% just before 8 AM ET, but it is now right back up to 5.25% as the opening bell rings.
Read today's Morning Lineup at
The Financials sector $XLF closed in extreme oversold territory for a 5th straight day yesterday for the first time since October 2023.
Some Relief from Bonds and Crude - Morning Market Note - 9/29/26
Here's a look at the extreme oversold readings we're seeing for fixed income and dividend stocks. Oil $USO, the QQQs $QQQ, Bitcoin $IBIT, and the dollar $UUP are the areas of the market that are overbought, although three of those four have pulled back in the last week.
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Here's a look in the widening of credit spreads that we've seen over the last couple of weeks:
Excel: “Get started with a chore chart and an emergency plan.”
Lighten up, Microsoft.
The FHFA House Price Index is due at 9:00 AM ET, followed by Consumer Confidence and JOLTS at 10:00 AM.
Chicago Fed President Goolsbee speaks in Illinois tomorrow at 1:00 PM ET, followed by New York Fed President Williams in Buffalo at 2:00 PM.
CarMax $KMX and Carnival $CCL report earnings tomorrow before the open, followed by AAR $AIR and Concentrix $CNXC after the close.
Three months left in the year and gold has already had more 3.5%+ daily declines than any other year since 2008. $GLD
