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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, as equity prices have consolidated recently, we take a look at conflicting price action seen in iron ore’s breakout from consolidation while copper settles into a bit more bearish of a pattern.  We then take a look at what this means for Chinese growth which has historically been well correlated to these industrial metals.  Next, we take a look at today’s update to the Chicago Fed’s national economic activity.  Further in regional Fed data, the Dallas Fed’s activity data was also released today which we use to provide a complete picture for our December Five Fed Manufacturing Composite  We finish tonight’s Closer with Brazilian current account numbers released earlier today.

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