The View from 5th Avenue

The View from 5th Avenue – 24 October 2022

Markets drifting higher to kick the week off ahead of much-anticipated earnings from the likes of “Big Tech”. Equities seemed largely unimpressed with depressed PMIs across the globe- all signals pointing to the tightening-induced contraction we’ve been on the lookout for. US Manufacturing component fell below the 50 mark for the first time since June 2020 along with Services well below expectations, and therefore, bringing a disappointing Composite print.

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