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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we begin tonight’s note by diving into tonight’s earnings reports including the weak reaction of Amazon (AMZN) (page 1).  We then show how small caps reclaimed earlier losses in today’s session and what that means for forward returns (page 2). Switching to macro data, we show why today’s GDP slowdown is not as worrying as it may sound (pages 3 and 4). We then provide the final April update of our Five Fed Composite (pages 5-7) before finishing with a rundown of today’s 7-year note auction (page 8).

See today’s full post-market Closer and everything else Bespoke publishes by starting a 14-day trial to Bespoke Institutional today!

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