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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we begin with a look at what returns look like when the S&P 500 hits a 52 week high in the last week of the year before also showing the weaker session for small caps. Next, we show the record underperformance of IPOs relative to the FANG+ index. We then show the massive outperformance of renewable energy names in Europe before providing an update of our Five Fed manufacturing composite. We close out with a review of today’s Treasury auctions.
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