The View from 5th Avenue

The View from 5th Avenue – 7 December 2022

A lack of economic data during today’s session led to a choppy day in the markets as the S&P 500 closed down for the fifth day in a row. This will be the sixth time this has happened this year, as it holds just above the 100d avg. Making the biggest moves today were US treasury yields. The 10yr (-3.1%) closed at its lowest level since September.

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