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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we start out with a look at the CBO’s update of fiscal policy forecasts (page 1) followed by a rundown of tonight’s earning reports (pages 2 and 3). We then dive into apparent seasonal adjustment issues in the retail sales report (page 4) before turning to the latest hard manufacturing data (page 5). After a recap of today’s 20 year bond auction (page 6) we dive into some of the oddities of the latest EIA data (pages 7 and 8). We finish with a look at homebuilder stocks after big jumps in homebuilder sentiment as we saw today (page 9).
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