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Looking for deeper insight on markets? In tonight’s Closer sent to Bespoke Institutional clients, we begin with a look at the trends in the 200-day moving averages of the S&P 500, WTI Crude Oil, the Russell 2000, and the 10-year. We then show the rarity of the S&P’s 200-day rising while other assets are not looking as optimistic. With little in economic data out today, we then show Eurozone and US auto sales and yesterday’s construction spending which continues to show collapsing home improvement.
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