The View from 5th Avenue

The View at Two – 17 April 2020

Glass Half Full of FOMO… In such uncertain times nearly every set of headlines is up to interpretation, and today is no different. Caveats are required as President Trump unveiled the bones of a plan to re-open the US economy (but left a lot of questions left unanswered) and health officials released some positive treatment results from Gilead’s remdesivir (which the co itself cautioned is anecdotal), but investors are choosing to look on the bright side (as they have more often than not as of late). Unlike much of the week however, Tech and Healthcare are taking a back seat to Value sectors like Energy, Banks, and Autos as optimism and certainly a healthy serving of FOMO take hold on a Friday. 

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