.2 9 e L .2 % PLOW 2/25/18 PM 0.55 140 ETSY 2/25/18 PM 0 ...
Transcript of .2 9 e L .2 % PLOW 2/25/18 PM 0.55 140 ETSY 2/25/18 PM 0 ...
Time Event Estimate Date Act.vs. Est. S&P
8:30 Chicago Fed NAI 0.22 1/28 0.00 -0.78
10:00 Wholesale Inventories 0.3 2/1 -0.2 0.09
10:30 Dallas Fed 5.4 1/28 3.7 -0.78
Last Report
Time Event Estimate Date Est Act. Diff. S&P Best Worst
None
8:15 Fed's Bostic Speaks in New York
10:15 Fed's Williams Speaks on Inflation in New York
12:00 Fed's Clarida Speaks in New York
12:30 Fed's Potter Speaks in New York
13:00 Baker Hughes Rig Count
13:30 Fed's Bullard Speaks in New York
13:30 Fed's Harker Speaks in New York
Last Report
Upgrades
Ticker Firm From To
C Jefferies Hold Buy
DBX Merrill Neutral Buy
DLPH Deutsche Hold Buy
INTC M Stanley Mkt Wgt Overwgt
POOL Baird Neutral Outperf
SO Evercore Underperf Inline
Downgrades
Ticker Firm From To
FIT Wedbush Outperf Neutral
KHC JP Morgan Overwgt Neutral
KHC Stifel Buy Hold
ROKU Wedbush Outperf Neutral
TNK JP Morgan Neutral Underwgt
XNCR Nomura Neutral Reduce
Initiations/Reiterations
Ticker Firm Action Rating
AIN Baird Initiated Outperf
GWPH Guggenheim Initiated Buy
LSCC Cowen Initiated Outperf
MGLN Merrill Initiated Buy
MRK Cantor Initiated Overwgt
WAB Jefferies Initiated Hold
- Trump to Meet With Chinese Premier Lui Today.i -0.2 %
h 1.9
h 0.5
h 0.6
Oil 57.78 h $0.8
Gold 1325.2 i -$2.6
$/Euro 0.883 h 0.00
$/Yen 110.88 h 0.2
10-Yr 2.68 i -0.01
Japan
China
Germany
UK
Trading Up ($):
TTD (21.51), W (21.22), AMZN (5.76), ROKU (3.21), BA (2.42), NFLX (2.1)
Trading Down ($):
STMP (-101), KHC (-11.28), BJRI (-4.97), LRCX (-3.22), BEAT (-3.05), AN (-2.38)-0.30
-0.20
-0.10
0.00
0.10
0.20
0.30
0.40
0.50
0.60
0.70
16:00 18:00 20:00 22:00 0:00 2:00 4:00 6:00
Pe
rce
nt
Ch
ange
Asia Opens
Europe Opens
Today’s Events
Stock Specific News of Note
Noteworthy Macro EventsOther MarketsOvernight Trading
Tomorrow
Overnight Trading
Analyst Actions
Indicators/EventsMarket Timing Model
© Copyright 2019, Bespoke Investment Group, LLC. The information herein was obtained fromsources which Bespoke Investment Group, LLC believes to be reliable, but we do not guarantee itsaccuracy. Neither the information, nor any opinions expressed, constitute a solicitation of thepurchase or sale of any securities or related instruments. Bespoke Investment Group, LLC is notresponsible for any losses incurred from any use of this information.
Earnings Reports
Ticker Date TOD EPS Revs.
CRI 2/25/18 AM 2.56 1075
TEN 2/25/18 AM 1.43 4270
ALSN 2/25/18 PM 1.20 632
DPLO 2/25/18 PM 0.24 1407
PLOW 2/25/18 PM 0.55 140
ETSY 2/25/18 PM 0.28 195
JBT 2/25/18 PM 1.38 537
KBR 2/25/18 PM 0.38 1243
MOS 2/25/18 PM 0.57 2364
OKE 2/25/18 PM 0.74 3312
RCII 2/25/18 PM 0.20 655
SHAK 2/25/18 PM 0.03 119
THC 2/25/18 PM 0.29 4505
TEX 2/25/18 PM 0.47 1201
Estimate
BMO Metals and Mining Conference
GSMA Mobile World Conference
JP Morgan Global High Yield Conference
M Stanley TMT Conference
Conferences & Meetings
Economic Indicators & Events
Dividends & Splits
NoneIndex Changes
JNJ 0.90
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Ticker News
AL Beat EPS forecasts by 22 cents (01.65 vs 1.43) on weaker revenues.
AN Missed EPS forecasts by 6 cents (1.10 vs 1.16) on weaker revenues; announces restructuring.
BIDU Beat EPS forecasts by 11 cents (1.92 vs 1.81) on stronger revenues; guided inline.
CENX Beat EPS forecasts by 10 cents (-0.43 vs -0.53) on weaker revenues.
DBX Beat EPS forecasts by 2 cents (0.10 vs 0.08) on stronger revenues; lowered margin guidance.
ED Beat EPS forecasts by 2 cents (0.77 vs 0.75) on stronger revenues; raised guidance.
EXAS Beat EPS forecasts by 5 cents (-0.44 vs -0.49) on inline revenues; raised guidance.
FLR Beat EPS forecasts by 16 cents (0.77 vs 0.61) on weaker revenues; lowered guidance.
FSLR Missed EPS forecasts by 15 cents (0.49 vs 0.64) on weaker revenues; guided inline.
HPE Beat EPS forecasts by 7 cents (0.42 vs 0.35) on weaker revenues; guided inline.
INTU Beat EPS forecasts by 14 cents (1.00 vs 0.86) on stronger revenues; guidance mixed.
ITT Beat EPS forecasts by 8 cents (0.82 vs 0.74) on weaker revenues; lowered guidance.
KEYS Beat EPS forecasts by 13 cents (0.93 vs 0.80) on stronger revenues; raised guidance.
KHC Missed EPS by 10 cents (0.84 vs 0.94) on inline sales; discloses SEC subpoena; cut dividend.
NEM Globe and Mail reports that Barrick is considering a hostile takeover of company.
ROKU Beat EPS forecasts by 1 cent (0.05 vs 0.04) on stronger revenues; raised guidance.
STMP Beat EPS forecasts by 83 cents (3.73 vs 2.90) on stronger revenues; lowered guidance.
TTD Beat EPS forecasts by 30 cents (1.09 vs 0.79) on stronger revenues; raised guidance.
W Beat EPS forecasts by 18 cents (-1.12 vs -1.30) on stronger revenues.
ZG Reported stronger than expected revenues and raised sales guidance; Rascoff to step down.
Bearish Bullish
Category One Week Two Weeks One Month
Sentiment 0.07 0.26 0.39
Technicals 0.06 0.22 0.36
Fundamental 0.17 0.24 0.54
Overall 0.09 0.24 0.39
Average (all days) 0.13 0.13 0.13
Expected S&P 500 Return (%)
Neutral
-0.15
-0.10
-0.05
0.00
0.05
0.10
0.15
0.20
Feb-18 Apr-18 Jun-18 Aug-18 Oct-18 Dec-18 Feb-19
Bonds Outperforming Stocks
Stocks Outperforming Bonds
Ticker % Chg. Occ. Chg. Percent Up Chg. Percent Up
DLPH 19.1 1 -4.2 0.0 -10.3 0.0
CECO 17.4 6 5.9 66.7 10.2 66.7
CAR 17.1 5 -0.3 60.0 0.9 80.0
SAM 14.3 2 -1.3 50.0 -3.7 0.0
IRDM
ATNI -20.9 1 7.5 100.0 -1.9 0.0
SPTN -20.7 5 0.6 40.0 5.1 60.0
UNIT -18.6 2 -1.5 0.0 -5.0 0.0
BRS -14.5 17 -3.2 41.2 -10.7 29.4
Average Return (%)
Next Day Next Week
Index/Sector Current 1 Wk Ago
S&P 500 OB OB
Cons Discret. OB OB
Cons Staples OB OB
Energy OB OB
Financials OB OB
Health Care OB N
Industrials OB OB
Materials OB OB
Technology OB OB
Comm. Svcs OB OB
Utilities OB OB
OS N OB
S&P 500 50-Day Moving Average Spread S&P 500 Internals Yesterday’s Movers
Relative Strength of Stocks versus Bonds
S&P 500 Overbought and Oversold Stocks (Percentage) Trading Ranges: Sectors
Trading Ranges: Bonds/Commodities
S&P 500 Overbought Stocks Most Likely to Fall
S&P 500 Oversold Stocks Most Likely to Rise
Feb-18 Apr-18 Jun-18 Aug-18 Oct-18 Dec-18 Feb-19
Extreme Overbought
Overbought
Oversold
Extreme Oversold
3.2
72.40
0
10
20
30
40
50
60
70
80
90
Feb-18 Apr-18 Jun-18 Aug-18 Oct-18 Dec-18 Feb-19
Green indicates percentage of oversold stocks, and red indicates percentage of overbought stocks.
Commodity Current 1 Wk Ago
$/Euro N OB
$/Yen N N
2-Year N N
10-Year N N
Gold OB OB
Silver N N
Copper OB N
Crude Oil OB N
Heating Oil OB OB
Gasoline OB OB
Natural Gas N OS
OS N OB
Indicator Change50-Day Moving Avg Spread h 5.8 % 5.2 %10-Day A/D Line i 898 1068# of Overbought Stocks h 362 323# of Oversold Stocks h 16 12
P/E Ratio Trailing h 18.40 18.20 Forward h 16.65 16.38
Dividend Yield i 1.97 % 1.99 %
Net Earnings Revisions i -32.1 % -27.1 %
Credit Spreads (bps)High Yield i 408 412Corporate Bonds 0 132 132
Current One Week Ago
© Copyright 2019, Bespoke Investment Group, LLC. The information herein was obtained fromsources which Bespoke Investment Group, LLC believes to be reliable, but we do not guarantee itsaccuracy. Neither the information, nor any opinions expressed, constitute a solicitation of thepurchase or sale of any securities or related instruments. Bespoke Investment Group, LLC is notresponsible for any losses incurred from any use of this information.
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Ticker Price
ALXN 127.55 1.39 -1.71 35.3
ANET 270.50 2.70 -0.75 38.6
IPG 23.41 1.38 -0.61 42.4
DISH 31.31 1.01 -0.51 43.8
INCY 83.33 1.18 -0.52 49.3
Standard Deviations
Above 50-Day Avg
Avg % Return
(One Week)
Percent of
Time Positive
Ticker Price
CME 176.49 -1.43 0.79 66.7
Standard Deviations
Below 50-Day Avg
Avg % Return
(One Week)
Percent of
Time Positive
Gold Future: Last Six Months
Gold Front Month Future: Last 15 Trading Days
1175
1195
1215
1235
1255
1275
1295
1315
1335
1355
8/21 9/19 10/17 11/14 12/13 1/14 2/12
1175
1195
1215
1235
1255
1275
1295
1315
1335
1355
8/21 9/19 10/17 11/14 12/13 1/14 2/12
1310
1320
1330
1340
1350
1360
1/31 2/4 2/6 2/8 2/12 2/14 2/19 2/21
200-DMA: 1255
50-DMA: 1297
1332
S&P 500: Last Six Months
S&P 500: Last 15 Trading Days
2300
2400
2500
2600
2700
2800
2900
3000
8/20 9/18 10/16 11/13 12/13 1/14 2/12
2300
2400
2500
2600
2700
2800
2900
3000
8/20 9/18 10/16 11/13 12/13 1/14 2/12
2675
2700
2725
2750
2775
2800
1/31 2/4 2/6 2/8 2/12 2/14 2/19 2/21
200-DMA: 2747
50-DMA: 2622
2775
Russell 2000: Last Six Months
Russell 2000: Last 15 Trading Days
1250
1350
1450
1550
1650
1750
8/20 9/18 10/16 11/13 12/13 1/14 2/12
200-DMA: 1588
1480
1500
1520
1540
1560
1580
1600
1/31 2/4 2/6 2/8 2/12 2/14 2/19 2/21
50-DMA: 1447
1576
Nasdaq Composite: Last Six Months
Nasdaq Composite: Last 15 Trading Days
6150
6450
6750
7050
7350
7650
7950
8250
8/20 9/18 10/16 11/13 12/13 1/14 2/12
6100
6400
6700
7000
7300
7600
7900
8200
8/20 9/18 10/16 11/13 12/13 1/14 2/12
50-DMA: 7015
200-DMA: 7471
7150
7250
7350
7450
7550
1/31 2/4 2/6 2/8 2/12 2/14 2/19 2/21
7460
Oil Future: Last Six Months
Oil Future: Last 15 Trading Days
8/21 9/19 10/17 11/14 12/13 1/14 2/12
41.5
45.5
49.5
53.5
57.5
61.5
65.5
69.5
73.5
77.5
8/21 9/19 10/17 11/14 12/13 1/14 2/12
200-DMA: 63
51.0
52.0
53.0
54.0
55.0
56.0
57.0
58.0
1/31 2/4 2/6 2/8 2/12 2/14 2/19 2/21
50-DMA: 51
57
BBG US Dollar Index: Last Six Months
BBG US Dollar Index: Last 15 Trading Days
1150
1160
1170
1180
1190
1200
1210
1220
8/29 9/26 10/24 11/21 12/19 1/16 2/13
1150
1160
1170
1180
1190
1200
1210
1220
8/29 9/26 10/24 11/21 12/19 1/16 2/13
50-DMA: 1193
200-DMA: 1188
1176
1180
1184
1188
1192
1196
1200
1204
2/1 2/5 2/7 2/11 2/13 2/15 2/19 2/21
1193
© Copyright 2019, Bespoke Investment Group, LLC. The information herein was obtained fromsources which Bespoke Investment Group, LLC believes to be reliable, but we do not guarantee itsaccuracy. Neither the information, nor any opinions expressed, constitute a solicitation of thepurchase or sale of any securities or related instruments. Bespoke Investment Group, LLC is notresponsible for any losses incurred from any use of this information.
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DJ Transports: Last Six Months
DJ Transports: Last 15 Trading Days
8400
8900
9400
9900
10400
10900
11400
11900
8/20 9/18 10/16 11/13 12/13 1/14 2/12
8400
8900
9400
9900
10400
10900
11400
11900
8/20 9/18 10/16 11/13 12/13 1/14 2/12
200-DMA: 10564
9850
9950
10050
10150
10250
10350
10450
10550
10650
10750
1/31 2/4 2/6 2/8 2/12 2/14 2/19 2/21
50-DMA: 9760
10632
Long Bond Future: Last Six Months
Long Bond Future Intraday: Last 15 Trading Days
134
136
138
140
142
144
146
148
150
8/23 9/21 10/19 11/16 12/18 1/17 2/15
134
136
138
140
142
144
146
148
150
8/23 9/21 10/19 11/16 12/18 1/17 2/15
200-DMA: 142
144.8
145.3
145.8
146.3
146.8
147.3
1/31 2/4 2/6 2/8 2/12 2/14 2/19 2/21
50-DMA: 146
146
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sources which Bespoke Investment Group, LLC believes to be reliable, but we do not guarantee its
accuracy. Neither the information, nor any opinions expressed, constitute a solicitation of the
purchase or sale of any securities or related instruments. Bespoke Investment Group, LLC is not
responsible for any losses incurred from any use of this information.
4
Overview: Some mixed economic news in Europe and a huge negative surprise for one of the largest
consumer staples names (more on both later) isn’t hurting the market much with the S&P 500 set to
open almost 40 bps higher after a very strong night for metals prices and Chinese equities. US interest
rates are down, the dollar is flat, and energy commodities are ripping with WTI +130 bps.
Economic data is extremely light in the US today, but it will still be a very busy day of headlines. With
the Fed openly discussing what to do about its balance sheet’s optimal “steady state” size, the New
York and Atlanta Fed branches are sponsoring a joint research day with the subject “Quantitative Tools
for Monitoring Macroeconomic and Financial Conditions” (agenda link). In other words, be prepared
for a deluge of headlines related to the balance sheet as nine FOMC members muse out loud about it
over the course of the US trading day. Economic scorecard.
APAC Markets: It was another good night for Chinese A-shares investors with the CSI 300 up 2.25% to
its highest levels since July. The breakout is seeing an explosion of volume with the last three days
showing higher volumes than all but one session of the past year for the large cap on-shore stocks.
Elsewhere, the rest of the region was less optimistic with Japan, Singapore, Malaysia, and Indonesia all
down. Local currencies were broadly stronger versus the dollar, led by a 0.5% gain in Aussie dollar.
China Inflows: Overnight, the PBoC released FX settlement numbers for January. Over the last couple
of months we have seen a rapid shift in capital flows for China; after deteriorating throughout 2018,
capital is now storming back onshore, driven in part by hopes that the current credit stimulus being
undertaken will kick-start activity. Below we show three measures of capital flows: the change in FX
reserves managed by the PBoC over the last three months, the net FX settlement conducted by banks
on behalf of clients each month, and the “hot money” capital flow which strips out FDI from foreign
inflows to show how much capital moving in is liable to flow right back out. As shown, the hot money
measure (components are released at a lag) has likely picked up as investors have gotten more bullish
on China. One need only look at the CSI 300 chart to see the effects of this inflow on confidence.
Morning Commentary
Capital Inflows To China Are Starting To Ramp Up Significantly (USD bn)
-150
-100
-50
0
50
100
-300
-200
-100
0
100
200
300 3m FXReserveChange(Left)
Hot MoneyCapital Flow(Right)
China NetFXSettlementof CNY -Client Sales(Right)
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sources which Bespoke Investment Group, LLC believes to be reliable, but we do not guarantee its
accuracy. Neither the information, nor any opinions expressed, constitute a solicitation of the
purchase or sale of any securities or related instruments. Bespoke Investment Group, LLC is not
responsible for any losses incurred from any use of this information.
5
China Property Prices: Credit stimulus is largely playing out in property markets, with more evidence
coming in last night’s property price release in Beijing. In January, the seasonally-adjusted growth of
medium and long-term consumer loans was more than $2.5trn USD at annualized rates. That sort of
uptick in credit provision is one reason home prices have risen faster than interest rates alone might
have predicted (as shown in the charts below). As shown in the heatmaps on the next two pages, Chi-
nese home prices continue to broadly run at a very solid high-single digit rate for existing homes and
low double-digit rate for new homes.
Morning Commentary
Home Prices Accelerate Ahead of Schedule As Rates Fall
-6
-4
-2
0
2
4
6
8
102.5
3.0
3.5
4.0
4.5
5.0
10y Bond Yield (%, Left,Inverted, Adv 12m)Existing Home Prices YoY(%, Right)
-8
-6
-4
-2
0
2
4
6
8
10
122.5
3.0
3.5
4.0
4.5
5.0
10y Bond Yield (%, Left,Inverted, Adv 12m)New Home Prices YoY(Right)
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sources which Bespoke Investment Group, LLC believes to be reliable, but we do not guarantee its
accuracy. Neither the information, nor any opinions expressed, constitute a solicitation of the
purchase or sale of any securities or related instruments. Bespoke Investment Group, LLC is not
responsible for any losses incurred from any use of this information.
6
Morning Commentary
1/31/2011 1/31/2019
China Top 70 Cities Property Prices YoY (Newly Built)
-10
-5
0
5
10
15
Average YoY % Change
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sources which Bespoke Investment Group, LLC believes to be reliable, but we do not guarantee its
accuracy. Neither the information, nor any opinions expressed, constitute a solicitation of the
purchase or sale of any securities or related instruments. Bespoke Investment Group, LLC is not
responsible for any losses incurred from any use of this information.
7
Morning Commentary
3/31/2009 1/31/2019
China Top 70 Cities Property Prices YoY (Existing)
-10
-5
0
5
10
15
Average YoY % Change
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sources which Bespoke Investment Group, LLC believes to be reliable, but we do not guarantee its
accuracy. Neither the information, nor any opinions expressed, constitute a solicitation of the
purchase or sale of any securities or related instruments. Bespoke Investment Group, LLC is not
responsible for any losses incurred from any use of this information.
8
German Data: It was a big day for German
data releases with both the “soft” IFO and
“hard” revised Q4 GDP numbers. On the
subject of IFO, the February print missed
across the board, and the index continues to
decelerate; as shown in the chart at right,
the current Q1 average for IFO would be
consistent with a YoY GDP print in negative
territory for Q2 of 2019.
Regular readers will recall that we are opti-
mistic about the outlook for autos and
therefore the entire backdrop in Germany,
and the IFO numbers don’t support that
narrative at all. If you want to believe the
hard data is wrong in Germany, the revised
GDP numbers give room to do that.
As shown in the chart at right, Q4 saw fixed
investment pick up to 5.1% real annualized
growth, while private consumption ticked
up to +2.6% real annualized. Those are
pretty impressive numbers! Imports grew
about 100 bps faster than exports in Q4, so
it makes sense that GDP (+0.9% QoQ SAAR)
would be weaker than the consumption and
investment numbers, but the domestic GDP
number was sharply lower than Q3’s 3.6%
QoQ SAAR growth. What’s more, nominal
inventories and real government spending
were both up. We are deeply skeptical that
these numbers are correct, though the
question of whether headline GDP/
domestic GDP numbers (weak) or the un-
derlying expenditure categories (very
strong) are wrong is one we can’t answer at
this time.
Switzerland: Turning to the Swiss, today output numbers for Q4 showed manufacturing recovering
from the excessive deceleration in Q3, with Q4 YoY numbers about what you would expect given Swiss
PMI. Other parts of the Swiss economy look pretty weak, but the manufacturing sector is in reasonably
good shape for the moment (relative to regional peers and despite deteriorating PMI).
Morning Commentary
Germany IFO For January & February Suggests No Improvement
German GDP Internals Non-Sensical (Chained Prices QoQ SAAR)
Swiss Output Impressive In Q4, But Looks Unlikely To Repeat
-9
-6
-3
0
3
6
75
80
85
90
95
100
105
110
IFO Expectations (OldMethod), Q Avg, Advanced 1Q
Germany GDP YoY
-9
-6
-3
0
3
6
9
12
30
35
40
45
50
55
60
65
70
75
Swiss PMI Output (Q Avg)
Swiss Manufacturing Production YoY
-4
-2
0
2
4
6
8
Consumption
Fixed Investment
Domestic Economy
GDP
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sources which Bespoke Investment Group, LLC believes to be reliable, but we do not guarantee its
accuracy. Neither the information, nor any opinions expressed, constitute a solicitation of the
purchase or sale of any securities or related instruments. Bespoke Investment Group, LLC is not
responsible for any losses incurred from any use of this information.
9
Europe Data: Eurozone HICPs were on-expectations today, so we won’t spend any more time on them
than necessary; core and headline inflation remains relatively weak but not dramatically so.
Europe Earnings: It’s a relatively quiet day, with Switzerland’s Sika the largest reporting market cap at
16bn EUR. The construction materials firm guided to further acquisitions in 2019, re-affirmed its sales
forecast, and generally saw a positive backdrop. French Sopra Steria is up 15.5% on a huge net income
miss but improved margins that analysts focused on. On the other side of that coin, Swedish medical
equipment maker Elekta is down the most since early 2016 on its report that saw strong sales but a
weak margin result and reduced forecasts for the margin outlook.
Europe Markets: European equities have rallied throughout the session and are near session highs as-
of this writing with all major indices in the green. Breadth is weak at the sector level but more than 2:1
green at the single-stock level with leadership found in Resources. That group is up almost 2%, while
Tech is also up 1%. As shown below, since double-bottoming last December/January the mining sector
has ripped. Today’s rally is being fueled by further big gains for copper (8 month highs) and iron ore (up
4% from open to close today in Singapore).
Morning Commentary
Stoxx 600: Quick Breather, And Back Above The 200-Day
Stoxx 600 Basic Resources: Mining On A Tear
320
330
340
350
360
370
380
390
400
50-DMA
200-DMA
320
330
340
350
360
370
380
390
400
370
390
410
430
450
470
490
510
530
50-DMA
200-DMA
370
390
410
430
450
470
490
510
530
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sources which Bespoke Investment Group, LLC believes to be reliable, but we do not guarantee its
accuracy. Neither the information, nor any opinions expressed, constitute a solicitation of the
purchase or sale of any securities or related instruments. Bespoke Investment Group, LLC is not
responsible for any losses incurred from any use of this information.
10
US Earnings: It’s not often you see $15.4bn evaporate overnight but today Kraft Heinz has written
down the value of some of its brands (goodwill on the balance sheet) by that amount. The stock is
down 24% pre-market, which would mean a market cap decline of about $14bn. Ironically, the good-
will valuation may drive the company’s price-to-book valuation up! Economic scorecard. Interactive
Earnings Calendar.
Morning Commentary
Asset Level Change 5d Chg 3m Chart Asset Level Change 5d Chg 3m Chart
S&P 500 2785.50 40.6 27.9 Gold 1324.80 -22.6 -1.5
Russell 1582.10 29.2 63.0 Silver 15.89 -10.1 22.1
VIX Fut 15.63 -154.3 -440.4 WTI 57.73 135.2 272.2
TSX 955.80 18.9 136.8 Copper 294.35 155.3 439.8
2 Year 251.83 -1.0 0.4 Nikkei 21425.51 -18.0 251.1
5 Year 250.15 -1.2 0.8 CSI 300 3520.12 224.9 543.4
10 Year 267.70 -1.4 1.4 ASX 200 6167.31 45.7 166.8
30 Year 303.51 -1.4 4.2 Stoxx 600 371.71 35.1 75.1
2s10s 15.67 -0.4 1.4 BBG USD 1193.84 9.5 -10.0
5s30s 53.19 -0.3 3.3 EURUSD 1.1326 -8.8 26.6
5 Yr BE 183.77 1.1 182.0 USDJPY 110.84 12.6 33.5
10 Yr BE 191.84 0.5 190.0 EM FX 63.60 14.6 27.6
Mar '19 97.40 0.0 3.5 CDX IG 61.86 0.0 -0.7
Jun '19 97.39 0.0 2.5 iTraxx IG 65.89 0.0 -3.4
Sep '19 97.39 0.0 3.0 CDX HY 347.76 0.0 4.3
Dec '19 97.35 0.0 2.5 iTraxx HY 289.88 0.0 -12.1
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