The View from 5th Avenue

The View from 5th Avenue – 10 November 2023

Equities were back in the saddle today with the S&P breaking out (and holding) above 4400. In dissecting indicies' decided march up, a few curious trends emerge – the most glaring being an MVP award for the magnificent 7. As we move into year-end investors are playing catch up by betting on big tech while concerning relative lows this week for the Nasdaq, S&P, and Russell *equal weight* indices paint a more bearish picture. Today, the S&P finished up +1.56%, a stark divergence from its equal we…

The content on this site is available to all Redburn clients as part of Redburn Execution’s standard service. It is not considered substantive research and there are no commercial implications to viewing these pages.

Please enter your email address below to view this page. If you are still unable to access the page, please speak to your account manager.