The View from 5th Avenue

The View from 5th Avenue – 8 June 2023

An idle mind is the devil’s playground and sadly things have been far too idle recently. And boy is the devil playing…yesterday’s surprise hike from the BoC lent credence to a similar move by the Fed (acc to some). This in turn helped further fuel a move into the value/cyclical set, culminating in the best 5-day performance for the R2K in 2 years. Today? We got jobless claims amidst a relatively dry economic board and the ‘hike’ in that data saw a slump in yields across the board, with tech res…

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