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Looking for deeper insight on markets? In tonight’s Closer sent to Bespoke Institutional clients, seeing as equities are said to be forward-looking, we take a look at the correlation between recessions and bear/near-bear markets. Next we cover one of the only economic data points to release today: the Richmond Fed’s manufacturing indices for the month of December. We break down this indicator’s huge miss. We finish by covering the incredibly strong market breadth on a day where the DJIA saw its largest one-day point gain ever.
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