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Looking for deeper insight into markets?  In tonight’s Closer sent to Bespoke Institutional clients, after some thoughts on Treasury Secretary Yellen’s comments today regarding rising interest rates, we recap tonight’s earning reports. Turning to macro data, we review today’s release of the trade balance and agriculture prices.  We also provide an update on delinquency rates before closing out with a look at the divergence in the performance of the Philadelphia Semiconductor index and the Dow Transports.

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