The Closer – FOMC Hits Pause, Projections Change, PPI Slowing – 6/14/23

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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we start out with a review of today’s FOMC decision as well as the market’s reaction and update of the Summary of Economic Projections (pages 1-3). We then dive into today’s PPI data (page 4) and EIA reading on petroleum stockpiles (page 5).

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

The Closer – Overbought to the Extreme, CPI Comedown, 30 Year Reopening – 6/13/23

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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we kick things off by looking at the extreme overbought readings the S&P 500 is flashing (page 1). We follow up with a look at what performance ahead of Fed days means for Fed days themselves (page 2). We then take a dive into today’s CPI data with a focused look at super core prices (page 3 and 4) before rounding out tonight’s report with a recap of the strong 30 year bond auction (page 5).

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