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Looking for deeper insight on markets? In tonight’s Closer sent to Bespoke Institutional clients, today’s price action gave some support to our observation yesterday that equities were running out of steam, we provide an updated look at the technicals of the S&P 500 before recapping Fed Chair Powell’s first day of testimonies on Capitol Hill. Turing to what was a busy day in economic data, we take a look at our Five Fed Manufacturing Index with the addition of the Richmond and Dallas Feds’ inputs, what the Conference Board’s data is predicting for the unemployment rate, and finally, the awful print of housing construction data released today.
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