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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we show SPY’s outside day reversal which was the first that left the ETF at an all-time high. Next, we get an update on the standings of Biden, Sanders, and Bloomberg in the Democratic primary.  We then take a look at the Tech sector’s weighting in the S&P 500 relative to history. Turning to FX, we show how emerging market currencies have been impacted by the 2019-nCov saga.  We finish tonight by shedding some light on the Baltic Exchange Dry Index and Capesize Index which has reached a record low.

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