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Looking for deeper insight into markets?  In tonight’s Closer sent to Bespoke Institutional clients, we begin with a note on valuations after the recent declines before pivoting over to an update on the declines for the ARK Invest funds.  Next, we explain why the moves in bond yields are the opposite of inflationary action.  We follow up with an update on Markit service PMIs and our Beige Book index.  We finish with a review of the multiple records in today’s EIA data.

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