The View from 5th Avenue

The View from 5th Avenue – 20 October 2022

In a moment that will be remembered for generations (and apologies for including the UK in a US wrap), the shortest tenured British Leader resigned. Ahead of this (and after), there was little changed from a macro perspective. We continue to watch 1640/1780 on the Russell Futures, and 3806 as a resistance on S&P futures – which we barely looked to approach, let alone test, before turning lower. Pre-market earnings did send futures higher early on, with both AT&T and American Airlines reporting better than expected numbers.

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