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Looking for deeper insight on markets? In tonight’s Closer sent to Bespoke Institutional clients, we evaluate the recovery in lumber futures and how this key input for housing can confirm improvements in that industry. Next, we break down the impact of FAANG on the broader S&P 500 from 2017 to late 2018, during the late 2018 downturn, and the subsequent rally. After that, we take a look at today’s release of the Case-Shiller Home Price Index. To finish, we dig into today’s Conference Board Consumer Confidence data and provide reasons why it does not necessarily cause reason to suspect a recession is right around the corner.
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