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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we begin with a look at the divergence between real yields and valuations as well as the new low in the VIX (page 1). We then dive into the massive amount of data released today including leading indicators (page 2), the Chicago Fed’s National Activity index (page 3), regional Fed manufacturing gauge (pages 4 and 5), existing home sales (page 6), petroleum inventories (page 7). We close with a recap of today’s 5 year TIPS reopening (page 8).
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