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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we recap today’s price action with a look at the steep declines of FANG+ and crude oil. We also show forward performance of oil following similar declines. As tariffs have been on the receiving end of the finger pointing for recent performance, we then take a look at how import heavy companies have done. Turning to macro data, we update our Five Fed Manufacturing composite with the addition of the KC Fed’s index. We use this in combination with today’s flash PMI to evaluate the US manufacturing picture. We finish tonight with a look at today’s release of New Home Sales data.

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