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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we start by showing the breakout of SPY above its July consolidation.  We also show a decile analysis of year-to-date performance based on multiple factors like dividend yield, 2018 change, and P/E ratio. Next, we cover today’s miss in existing home sales and finish with an update of our Five Fed Manufacturing Composite after today’s very weak Richmond Fed release.

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