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Looking for deeper insight on markets? In tonight’s Closer sent to Bespoke Institutional clients, we begin with a recap of oil’s volatile session as well as LYFT and UBER’s rough trading. We then review the theory that equity markets are more prone to sudden and sharp drops. Next, we look at Fastenal (FAST) monthly sales which are a good proxy for the broad economy. We finish with a deep look at the New York Fed’s consumer expectations survey on inflation.
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