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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we begin tonight with a rundown of recent merger and acquisition news and the overall slowdown of activity (page 1). Next, we note the relationship between the Empire Fed survey and stock prices (page 2) followed by a recap of today’s Treasury International Capital flow data (page 3). We then look at credit card defaults and wheat exports (page 4) followed by a preview of this week’s Treasury auctions (page 5). We finish with a look at last week’s Commitments of Traders data (pages 6 through 8).
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