The View from 5th Avenue

The View from 5th Avenue – 2 October 2023

Alas, a new quarter is upon us- hopes and dreams renewed of history ready to repeat itself with a seasonally strong quarter to finish off the year. Unfortunately, however, a surprise side-step of a US government shutdown over the weekend, encouraging China PMI data, and the sun shining down on NYC this morning proved ultimately futile in quelling the market’s underlying nerves. The macro headwinds remained strong and steady in the face of a hopeful lot this morning. The ISM Manufacturing pri…

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