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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, after a rundown of tonight’s earning reports, we show the drop off in estimated borrowing by the US Treasury (page 1). We then show the collapse in coal production (page 2) before pivoting over to the collapse in our Five Fed Manufacturing Composite with the final addition of the Dallas Fed (page 3). We finish with a rundown of the latest positioning data (pages 4-7).
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