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Looking for deeper insight on markets? In tonight’s Closer sent to Bespoke Institutional clients, with the S&P 500 rallying over 2.5% in the past two days, we provide a decile analysis of the best and worst performers since the market’s peak on April 30th as well as forward performance following similarly strong gains. After reviewing the recent inversion of Eurodollars, we recap today’s massive miss in ADP payrolls and make better sense of what this could mean for Friday’s NFP data. We also review June’s Beige Book and weekly EIA data.
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