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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we begin with an update on the IPO market (page 1) followed by a dive into the historic divergence between performance after hours and intraday (page 2). We then take a look at TIC flows (page 3), update our Five Fed Composite (page 4), industrial production (page 5), and housing market data from Zillow (page 6).

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