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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we discuss how wistory was made today as the Russell 2,000 closed 4.4 standard deviations above its 50-DMA.  No other major US index (Dow since 1900, S&P 500 since 1928, and Nasdaq since 1971) has ever closed at that much of an extreme. In tonight’s Closer, we discuss the streak of gains that brought it to that overbought reading (page 1). We also compare growth versus value across the market cap spectrum (page 2). Next we dive into the latest reading on homebuilder sentiment and the surge in homebuilder stocks (pages 3 and 4).

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