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Looking for deeper insight on markets? In tonight’s Closer sent to Bespoke Institutional clients, Given today’s inside day reversal, we show performance following other times this pattern has been observed following all-time highs. We also review the market reaction to confusing policy news out of Europe. We follow up with a discussion of what tomorrow’s GDP release could look like given recent data like the Census Advance Economic Indicators and Durable Goods. We finish with an update of our Five Fed Manufacturing composite with the addition of the Kansas City Fed’s index.
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