The View from 5th Avenue

The View from 5th Avenue – 13 July 2023

The heat is on as the gains continue for Equities in lockstep with the rising temps into the dog days of summer in NYC. Another 12mo high for both the SPX closing above 4500 and NDX above 15,500 with positive breadth of ~70% on the S&P again today. To hammer home the debate on depth, look no further than the US Advance Decline lines clocking gains all along the market cap segments with the smid caps also doing their part to play catch-up to the big boys. Call it a back-to-back (and short-sig…

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