The View from 5th Avenue

The View from 5th Avenue – 17 February 2023

This week has provided investors with some things to think about. The trajectory was never going to be diagonally higher after the 2022 performance, but rather a bumpy one that hopefully will end higher. That turbulence will also happen in economic data, as markets learned via the CPI, PPI, and Retail Sales. But even though all three surprised, equities still moved higher for the week (Nasdaq and Russell 2k), or only lost small (S&P 500). The strength here, is shrugging off the weakness in Trea…

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