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Looking for deeper insight on markets? In tonight’s Closer sent to Bespoke Institutional clients, we show how Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), Google (GOOGL), and Facebook (FB) are now nearly a quarter of the S&P 500’s market cap and what that means for performance and multiples. Next, we got over a slew of housing market data including today’s new home sales and the first look at Black Knight mortgage data for May. Next, we update our Fedspeak index and show what the level of rates means for the market. We close out with a recap of today’s 2 year note auction.
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