The View from 5th Avenue

The View from 5th Avenue – 21 June 2023

Equities have come a long way in 2023 with the S&P boasting mid-teens YTD gains and the Nasdaq doubling that tally in as much time. A healthy pullback, or dare I say pause… seems like a reasonable response given the distance travelled of late. As such, equities continued to take a breather for the third session in a row in their ultimate run higher as we digest what’s next from here. Underwhelming volume and turnover (-5-10% for major indexes) have also taken hold as the VIX continued its de…

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