The View from 5th Avenue

The View from 5th Avenue – 21 July 2023

Markets seem to be treading water and taking stock(…) as the focal point has shifted to earnings and averts from the broader macro / rate debate for a moment. US indices were mixed today with the Dow and S&P barely in the green, while the Nasdaq lagged into the red. The Dow stealing the spotlight from its Nasdaq peer after securing its 10th consecutive session of gains. Fun fact: a rare occasion that has only occurred nine other times dating all the way back to 1970! Not quite a typical sum…

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