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Looking for deeper insight on markets? In tonight’s Closer sent to Bespoke Institutional clients, we review the internals of today’s surge in equity prices and evaluate how sustainable this rally could be given breadth and price action in credit markets. Next, we provide our analysis of how the disconnect between the market and the Fed in regards to rate cuts in the near future. We then update our Bespoke EMFX Index which has popped higher. We finish with a look at the bounce in automakers and today’s Factory Orders release.
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