The View from 5th Avenue

The View from 5th Avenue – 8 November 2023

Equities finished mixed in a monotonous trading session marking the eighth consecutive up day in the S&P and ninth up day in the Nasdaq. In terms of catalyst, rather bare until next Tuesday, November 14th, when we get US CPI data. 10-year Treasury yield fell further, assisted in part by a decent auction which bolstered stocks higher in the latter half of the day. The tone of headlines around the US-China relationship continued to improve ahead of the Biden-Xi summit next week at APEC, while the…

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