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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, with the release of the Federal Reserve’s Distributional Financial Accounts, we start out tonight with an update on household wealth (page 1 and 2) followed by a look at the record Canadian inflation print (page 3). Next, we pivot over to credit markets, crude term structure, and high yield energy bonds (page 4). Afterward, we review today’s lackluster 20 year bond reopening (page 5) before closing out with a decile analysis showing which groups of stocks have contributed to least and most to the S&P 1500’s decline during the bear market (page 6).
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