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Looking for deeper insight on markets? In tonight’s Closer sent to Bespoke Institutional clients, we discuss the strong breadth levels of past few days. We then take a deep dive into credit markets to talk about rising prices in the high yield bond markets, financial conditions loosening, insane credit spread compression, and what this all means for equities headed forward. Next, we move onto the resurgence of loan ETFs after massive outflows at the end of 2018 and what that could mean for bank stocks. After briefly going over the performance of cyclicals and small caps, we finish by touching on some details of today’s JOLTS report.
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