The View from 5th Avenue

The View from 5th Avenue – 4 August 2023

August is officially off to a bit of a wobbly start after conceding more than two percentage points of gains in its first week. One week certainly does not make a month, and surely we have not forgotten so quickly that we are coming off of three consecutive weeks of gains prior. However, despite the market’s better efforts to shake off the negative tone from the days preceding, Friday trading ultimately succumbed to the move lower across all major indices into the final bell. AMZN’s impressiv…

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