The View from 5th Avenue

The View from 5th Avenue – 28 June 2023

On its face, there doesn’t seem to be much that happened today that should turn you bullish if you haven’t been already. A middling, meandering day without much clear direction or conviction, markets largely drifted as volumes slowly dissipated. But a pair of rose-colored glasses (perfect for these summer days) could offer some positives. Yesterday’s gains were hard to accredit a reason why and yet the market largely held on to them. Even more impressive given the expectation we could see a dra…

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