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Looking for deeper insight on markets? In tonight’s Closer sent to Bespoke Institutional clients, amidst a half percentage point drop in the S&P 500 and weak economic data, we provide some of the more positive signals that markets have been sending. Turning to said economic data, first, we review the weaker, but also mixed, existing home sales print. Next, we look at the manufacturing picture through soft data from the Philly Fed and Flash PMIs as well as hard data from December manufacturing orders and shipments. We finish with EIA data that showed crude inventories continue to rise.
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