The View from 5th Avenue

The View from 5th Avenue – 1 November 2023

According to some statisticians, there is a 100% chance November will be an up month after the three past down months. And if this week is any indication, investors can expect that prognostication to prove accurate into year end. The SPX gained +1% today to start November, which makes +2.9% this week thus far, despite some rough earnings and mixed data. Investors were focused mostly on The Fed, which was a non-event, as JP duly delivered an unchanged target Funds rate. It was noted by analysts…

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