The View from 5th Avenue

The View from 5th Avenue – 18 September 2023

US equities travelled quite a bit today but went nowhere, as the SPX sat near the low-end of its multi-week range, but still managed to close just slightly higher on the day. Investors await a multitude of central bank meetings this week, including The Fed’s next policy decision on Wednesday, but also central bank decisions from China, Japan, Norway, the UK, and a few others as the week progresses. Wall Street is nearly unanimously expecting the FOMC to hold the federal-funds rate steady at 5.2…

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