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Looking for deeper insight on markets? In tonight’s Closer sent to Bespoke Institutional clients, as banks begin to gain momentum, we take a look at forward returns following other times bank stocks have risen 1% or more in three of the past four sessions. We also show a potential technical reason for a reversal in yields. Turning to macro data, we take an in-depth look at today’s GDP release including how corporate profits are looking, how wages and salaries have played into national income, and how weak RV data from last week conflicted with today’s consumption data.
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