The View from 5th Avenue

The View from 5th Avenue – 25 August 2023

It’s been a week! Markets ended their 3-week losing streak, which in itself isn’t much of a surprise, it’s hard to keep a good market down. What was surprising however was the broad gains came without much assistance from the two ‘events’ of the week. Through no fault of its own, Nvidia couldn’t hold on to its initial gains and finished well off today. The 2nd big attraction was of course Fed Chairman Powell and his address at Jackson Hole this morning. There have been differing viewpoints on t…

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