The View from 5th Avenue

The View from 5th Avenue – 21 April 2023

Well here we are again, singing the same ole song. The indexes continue to be stuck in their ranges and there doesn’t seem to be an end in sight. I am starting to feel a little like Phil (Bill Murray) in Groundhog Day. Main US indexes fought between positive and negative returns for the entire session before closing slightly in the green. Traders continue to process mixed earning reports and light economic data. S&P Global US PMI was released this morning with manufacturing (50.4), services (53…

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