The View from 5th Avenue

The View from 5th Avenue – 3 April 2023

The picture of uncertainty --> S&P: Up-Down-Flat-Up. Dow: Up-Drift-Hold-Up. Nasdaq: Down, hold, (failed) attempt to rally. Markets were mixed, struggling to find clear direction today and not just because it’s the first day of Q2 following a lovely weekend, or because this week is a shortened holiday week. Today’s market response feels apropos given the increasing number of respective balls we are juggling lately. Ruling the headlines today was OPEC+ surprise decision to cut production despite…

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