Looking for deeper insight on global markets and economics?  In The Closer tonight we make the case that the ECB did not “disappoint” today and that the market has misinterpreted a major change of strategy from the central bank. We also review the Fed’s Z.1 release which summarizes the aggregate balance sheets of major macroeconomic sectors of the economy.  The chart below is a sample of data from that report, showing household mortgage debt as a share of GDP.

The Closer also includes its standard charts, large volume and price movers in the US equity market, and Bespoke’s Market Timing Model.  The Closer is one of our most popular reports, and you can sign up for a trial below to see it free for the next two weeks!