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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we review the S&P 500’s price action over the past few sessions, highlighting the large amount of buying from open to close. We also take a look at a few cyclical sector’s recent performance versus defensive counterparts. With little in the way of major economic data, we then turn our attention to the relationship between carbon emissions and economic growth. We finish tonight’s report with a look at ICI Fund Flows continued outflows from equities and EIA data showing a large drawdown in crude inventories.

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