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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we begin with a recap of price action in the S&P 500, VIX and credit spreads, EMFX, the USD, and precious metals. We then look at the US trade balance, including a look at trade between the US and China.  We finish with a review of today’s Beige Book release and ICI fund flows.

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