The View from 5th Avenue

The View from 5th Avenue – 14 April 2023

Markets finishing the week in the red today with a bit of a limp to the finish as we quickly begin to run out of steam towards the higher end of the range. Week-over-week we are up 80bps and YTD +7.77% on the S&P, for the Nasdaq +29bps WoW and +15.8% YTD, and for the Dow +1.2% WoW and 2.2% YTD. With recession concerns and/or rate hike path uncertainty [plus a side of banking crisis reverberations]- the incremental data points from the macro don’t seem to be incentive enough to push us higher…

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