The View from 5th Avenue

The View from 5th Avenue – 8 May 2023

A close friend of mine threw a party to celebrate his birthday over the weekend. That’s all well and good; one should celebrate themselves. The issue lies with the starting time – the host had the temerity to kick things off at 10pm. Egregious and unacceptable. Much like the attendees on Sunday and likely Monday (the 1-day recovery ship sailed long ago..), the market felt a bit tired today, volumes and volatility both lacking. Markets are traipsing into a bit of a new frontier, with all signs p…

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