The View from 5th Avenue

The View from 5th Avenue – 10 April 2023

US markets started out under water and proved to be quite buoyant on the day as they gradually wandered higher until the S&P finally closed above ground in the final minute(s) in largely eventless Easter Monday trading. The Russell2k outperformed the Dow, the Dow outperformed the S&P, and the S&P outperformed the Nasdaq (the only index to close *barely in the red). Volumes remained depressed, as to be expected, and both breadth and performance were mixed with 69% of S&P pointing higher and th…

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