The View from 5th Avenue

The View at Two – 6 May 2020

Midweek Mixed Bag… The S&P continues to crawl along nearly flat on the day as investors remain in a wait-and-see mode with regards to how re-opening plans will pan out. The sector tables also present a muddled picture with big Tech once again leading the way but trailed closely by more-cyclically focused Autos (thanks to GM +4.8% on earnings). The laggards are also a blend of defensives / cyclicals with Utilities, Banks, and Energy all underperforming.

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