The View from 5th Avenue

The View from 5th Avenue – 13 October 2023

Today has left investors with more questions than answers. Stocks had a decent bid to start the day with a fairly unanimous beat from Bank earnings this morning (more below), but investors were left unsettled after JPM’s CEO, Jamie Dimon, issued a warning on the extraordinary issues facing the market today. The economic data revealed favorable import/export prices, but the Michigan sentiment report showed a sharp decline in confidence and caused major indices to come for sale. Further, news tha…

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