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

• AI stocks are trading at some of the most overbought levels since the spring of 2023 following a surge in both Infrastructure and Implementation names in April.
• After a surprise pop last week, jobless claims data returned to healthy levels that are inline with typical seasonal patterns of the past few years.
• The Federal Reserve’s H.8 report has indicated surging deposit growth this year thanks to core loan growth accelerating to 8% annualized in the past three months.

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