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Looking for deeper insight on markets? In tonight’s Closer sent to Bespoke Institutional clients, we begin by examining the market’s impulsive reactions to headlines on the government shutdown. Amid shortages of the metal, we then look at the surge in palladium prices. Next, we put into perspective what Initial Jobless Claims’ 4 week moving average hitting a 52-week high means. We then provide a look at port traffic numbers which showed exports fall while imports rose. We finish by breaking down all of the reasons to have a degree of skepticism in regards to today’s brutal retail sales report.
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