The View from 5th Avenue

The View from 5th Avenue – 1 May 2023

First day of May! What did you expect? Elevated trading volumes, endless news feed and the S&P flying through 4200 on a day where most of the European and Asian markets were closed. Nope! Instead, we got exactly what we knew was coming, low volumes and major US indexes little changed. On the bright side, the S&P 500 futures briefly broke above 4200 during the afternoon session for the first time since February, so we have that going for us. A rainy weekend here in the Northeastern US set the th…

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