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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we begin with a look at the hit small caps have taken, but provide a reason for optimism in the space.  Given the spike up in oil from geopolitical factors and today’s EIA data, we then show the strength of the energy sector and CAD. We also review how financial conditions are using a composite of indices from Goldman Sachs, Bloomberg, and the Chicago Fed.  Further in economic data, we make sense of today’s messy durable goods release followed by a recap of the trade balance and inventories. We finish tonight with our weekly look at ICI fund flows.

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