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Looking for deeper insight on markets? In tonight’s Closer sent to Bespoke Institutional clients, with the S&P 500 failing to hold above resistance and given overbought levels, we provide the near term prospects of the index. Moving on to economic data, we focus tonight on the declines in world trade volumes as seen through CPB’s data released today. We give some perspectives on the outlook of trade given what leading indicators and hard data have to say. We finish on a brighter note of stronger global industrial production also via the CPB.
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