The View from 5th Avenue – 4 January 2023
Posted onRocky terrain out there as markets look to find direction in the New Year- just as they did in the old year!.. Jittery may be a fitting description as we ease into the first week of trading in 2023. Markets getting knocked lower after the open on ISM data release and briefly touching negative territory before rallying into the afternoon where participants awaited the Dec 14 FOMC minutes release, after which, markets stumbled into the close, but ultimately managed to clock a gain on the day.