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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 massive spread in WeWork’s bonds following today’s headlines that CEO Adam Neumann will be stepping down. With the dust now settled after last week’s move in crude oil in the wake of attacks on Saudi facilities, we then review the shape of crude oil’s term structure. Next, we review the bearish engulfing pattern in the S&P 500. We finish with today’s economic data including Case-Shiller home prices, quarterly personal income, and an update to our Five Fed Manufacturing composite with today’s Richmond Fed release.
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