The View from 5th Avenue – 20 June 2023
Posted onThe US was up for the 5th week in a row last week, having only made it to 6 weeks in a row 6 times in the last 10 years. US equities finished underwater despite recovering from this morning’s lows as investors question the stamina of the rally and the future of monetary policy. Disappointing China stimulus also did little to reassure investors about the country’s faltering economic rebound (Hang Seng -1.5% overnight), despite President Jinping pronouncing Secretary Blinken’s visit to China as “…