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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we evaluate the state of the market as several sectors enter bear markets.  We discuss how earnings yields have stacked up with broad declines in stocks.  Then we go over several economic data points released today.  First up is the Conference Board’s leading indicator index’s possible peak.  Next, we cover the big miss out of the Philly Fed’s manufacturing index.  We finish with the narrowing spread between Republican and Democratic consumer comfort readings in recent months out of Bloomberg’s weekly Consumer Comfort Index.

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