The View from 5th Avenue

The View from 5th Avenue – 16 June 2023

There seemed to be a good deal going on behind the equity scenes this week. And although today was the end of the S&P’s winning streak, it was the longest streak since Nov ’21 (just 10 sessions between breaking above 4,200 & 4,400). Further, the Nikkei saw its 10th straight week of advances. Today stocks sprinted out of the gates but quickly ran out of steam. The moves were seemingly due to positioning, with the massive triple witch expiration seeing $4.2 trillion in contracts mature on the ope…

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