Log-in here if you’re a member with access to the Closer.

• US equity market valuations have turned significantly lower since peaking in late October of last year.
• Today’s release of the Fed Minutes took a more hawkish tone than recent meetings.
• Despite declines and the war, retail investor sentiment remained remarkably bullish in March.

See today’s full post-market Closer and everything else Bespoke publishes by starting a 14-day trial to Bespoke Institutional today!