The View from 5th Avenue

The View from 5th Avenue – 7 September 2023

September is only seven days old, and it already has been a rough month for equities as the major indexes all finished in the red once again. While the S&P and Russell both started the month positively, Nasdaq is perfect in its negativity as traders weigh potential read throughs for the biggest stock in the world. China’s plan to ban government officials from using an iPhone for work was reportedly extended to SOEs, and Apple (-2.9%) added to yesterday’s losses, falling through its 100-day movi…

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