The View from 5th Avenue

The View from 5th Avenue – 21 November 2023

US equities finished just in the red today, seemingly losing steam on lower volumes ahead of Thursday’s holiday as traders awaited the highly anticipated Nvidia report. Lofty expectations countered an otherwise strong beat from the chip marker as shares fell after hours. It was an impressively level performance today on almost all metrics: Treasury yields wobbled higher on the longer end, the dollar rebounded off lows, oil flip-flopped into positive territory, and gold rose. News of hostage neg…

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