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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, the S&P 500 (SPY) reversed an over 1.5% decline to close up 0.58% today. We take a look at what that means for the next day and beyond in tonight’s Closer as well as a couple of notable earnings out after the closing bell (page 1). Next, we show the historic disconnect between regional Fed surveys’ readings on present and future conditions (page 2) and provide an update of the Chicago Fed’s National Activity Index (page 3). We then preview this week’s Treasury auctions (page 4) before finishing with a rundown of the latest speculator positioning data (pages 5-7).
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