The View from 5th Avenue

The View from 5th Avenue – 7 November 2022

After last week’s fireworks between the Fed and its path, with the additional overlay of earnings, investors took a cautious start to this week. Midterm elections are tomorrow, and the Bond market has a short week with a holiday on Friday (sorry equities), plus there was a lack of earnings and economic data pre-open to generate a direction to start. But after trading sideways to start the day, broader indexes found some footing and rallied, closing with a second day of solid gains.

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