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Looking for deeper insight on markets? In tonight’s Closer sent to Bespoke Institutional clients, we ask the question “how much do new highs for individual stocks matter given the market at new all-time highs?”. We also focus on the declines in EMFX, including a review of Argentina’s collapsing exchange rate, Turkish trade data, and the improving carry of EM relative to the USD on a realized basis. We also discuss the details of the personal income and spending report from the BEA for the month of July.
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