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Looking for deeper insight on markets? In tonight’s Closer sent to Bespoke Institutional clients, we cover how the S&P 500 leaped over the technically important 2600 resistance level today, but the real action was in Europe where Draghi cooed and UK Prime Minister Theresa May was dealt a historic defeat in the House of Commons. The failure of her Brexit Withdrawal Agreement does not alter the fundamental outlook for Brexit that much, which may sound counter-intuitive. We provide a full explanation of what happened during today’s Brexit vote and the likely path forward in tonight’s Closer. We also discuss oil intensity of economic activity and today’s Producer Price Index data from the BLS.
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