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Looking for deeper insight on markets? In tonight’s Closer sent to Bespoke Institutional clients, after the past two days’ brutal declines for stocks, we take a look at the moves in the VIX and credit spreads. We then review just how bad breadth has been and the negative reversal in today’s session. Turning to economic data, we review global trade activity and our Five Fed composite with the addition of the Richmond Fed’s data. We finish tonight’s note with an update on home prices.
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