The View from 5th Avenue

The View from 5th Avenue – 5 December 2022

Swimming amongst a ‘sea of red’ as they say.. A decidedly down day for almost everything the eye can see, that is unless you are the USD (DXY strengthening back above 105) or the VIX (+8.8%). Needless to say, breadth was heavily skewed to the negative with ~95% of SPX down on the day, which also means that the SPX is back below the 4k/200dma.

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