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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we start off with a look at just how dramatic the underperformance of small caps relative to the S&P 500 has been recently. We delve a bit deeper into the potential reasons for this weakness. Turning to macroeconomic data, we then recap today’s release of JOLTS Job Openings which echoed some weakening that has been observed in other indicators like today’s NFIB small business data.

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