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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we begin tonight with a look at what Blackstone’s (BX) announcement regarding home purchases implies for housing activity as well as a look at today’s Fedspeak (page 1). We then update GDP contributions with the second update of the Q2 release (page 2). We take more granular looks at inventories and corporate profits (page 3) as well as the discrepancy between GDP and GDI (page 4). Next, we take a look at freight rates and trade volumes (page 5) before turning to the latest update of our Five Fed Manufacturing Composite (page 6). We finish with a look into today’s historically strong seven year note auction (page 7).
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