The View from 5th Avenue

The View from 5th Avenue – 1 March 2023

U.S. stock futures edged higher this morning to usher in the new month. March supposedly heralds spring, a rebirth, a new dawn. But, markets remained unable to skirt the major theme that has clutched the heart of 2023 thus far – inflation (just as it did in ‘22!). Signs that China's economy is rebounding via their monster PMI print last night spurred a rally in Hong Kong, but did little in the way of spilling that confidence over to the US, as this morning's ISM Prices Paid rose to 51.3 from th…

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