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Looking for deeper insight on markets? In tonight’s Closer sent to Bespoke Institutional clients, we look at historical analyses based on price action in the US equity market, US dollar, and gold. The US equity market has declined from open to close three times in a row over the three sessions, while closing within 50 bps of the 200-DMA. That’s only happened a few times since our data begins in the early 1980s, and we take a look at what it means for returns going forward. Meanwhile the US dollar is at new 52-week highs and gold is acting pretty constructively based on one technical indicator. Finally, we review today’s Chicago Fed National Activity Index release and how bank and broker CDS are trading.
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