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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we begin with some indicators showing economic momentum is hitting the brakes. We then provide a state by state breakdown of jobless claims.  Next, we cover our Five Fed manufacturing composite with the addition of the Richmond Fed. Then we review the terrible numbers on the US trade balance. We follow up with an update on preliminary durable good numbers, world trade data in April, and final thrid quarter US GDP.

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