The View from 5th Avenue

The View from 5th Avenue – 22 September 2023

It has been another rough week for equities as the main indexes posted their third weekly loss. The Fed has been diligent in their messaging approach about “higher for longer”, but while the CME data had that modeled (5.25-5.5% until May 2024), some on Wall Street apparently did not believe it. Looking at the moves in Treasuries this week, some portfolio adjustments have been made. 2-year and 10-year yields have moved back to 2007 levels, pressuring stocks in the process, as investors try to co…

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