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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we begin with commentary on the ECB’s hike and the responding move in short term rates (page 1).  We then dive into First Republic’s (FRC) balance sheet (page 2). Next, we show take note on the S&P 500’s big intraday reversal (page 3). Switching over to macro data, we then update our Five Fed Manufacturing Composite (page 4) followed by trade prices (page 5) and residential construction figures (pages 5 and 6).

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