Bespoke Website Switch
This site has moved to www.bespokeinvest.com.
Collapse! The Commemorative Game of the Financial Crisis
A few weeks ago we noted that we had just received a big delivery of an item we had made. Without further ado, behold Collapse! -- The Commemorative Game of the Financial Crisis. Collapse! is a commemorative game that takes a light hearted approach to ...
Blog Switch
After a nice run for nearly 3 years on Typepad, we've decided to move Think B.I.G. to a Squarespace platform. From here on out, all of our posts will be at www.bespokeinvest.com. If you have this site bookmarked in your favorites or on RSS feed, please...
Default Risk For Financials Shoots Up
During the financial crisis, we created an index that tracks credit default swap prices for the major banks and brokers across the world. This essentially measures default risk for the financial sector. After declining significantly for the past 9 mont...
What Is Getting Hit Hardest?
We broke the S&P 500 into deciles (10 groups of 50 stocks) based on stock performance in 2009 to see if the big winners from last year are the ones getting hit the hardest on the recent pullback. As shown below, they definitely are. The 50 best per...
Ugly Tape
After trading up nearly 1% in the morning, the major markets have tumbled in afternoon trading. This type of action, when the market trades sharply down even though economic reports and earnings reports both beat estimates handily, is not good. There's...
Contributions to Real GDP Growth in Q4
Below we highlight the breakdown of contributions to the 5.7% Real GDP Growth in Q4 (YoY). Consumption and inventories were big contributors to growth, along with exports due to the weak dollar. One area that didn't contribute to the 5.7% GDP growth wa...
Sector Earnings Beat Rate and Stock Performace
The current earnings per share "beat" rate this earnings season is 73% for all US stocks. Below we highlight the percentage of companies in each sector that have beaten estimates. As shown, only three sectors have a higher beat rate than the overall ma...
GDP Rises to Highest Level Since 2003
While the ultimate pace of the economic rebound continues to be debated, GDP in the fourth quarter rose 5.7% (expectations were for growth of 4.6%), which was the fastest pace in six years. Granted, this growth follows an even bigger decline of 6.4% in...
Percentage of Stocks Above 50-Day Moving Averages
As shown below, the percentage of stocks above their 50-day moving averages in the S&P 500 has dropped to 35%. This is the lowest level seen since mid-2009. Clearly breadth has gotten weak on this pullback. No sectors have more than 50% of stocks a...
Bespoke on Fox Business Today (1/28) at 2:30
Bespoke's Paul Hickey will appear on Fox Business Network today (1/28) at 2:30 PM ET to discuss our current market outlook.
10-Day A/D Line For Materials At Most Oversold Level Since October 2008
The 10-Day A/D Line for the S&P 500 Materials sector is currently more oversold than at any other point since October 2008. It is also currently showing the eleventh most oversold reading since 1990. In the chart below, we highlight each of those o...
