The View from 5th Avenue

The View from 5th Avenue – 20 October 2023

Investors sifted through a sea of red today as equities tumbled for the 4th day in a row, with the S&P (-1.2%) closing below its 200d mvag for the first time since March. The bearish tone taking hold this week has no shortage of culprits… geopolitical tensions, Treasury yields, interest rate concerns… the list goes on. Indices were measured in their march downward this week, but surprised in that losses were felt broadly within major indices (Wednesday notched a >80% down day). The canary in th…

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