The View from 5th Avenue

The View from 5th Avenue – 28 November 2023

Equities which are currently trading near “overbought” levels, are still heading towards one of its biggest November gains on record, ever…”oh seasonality”. Comments from the Fed’s Waller remained the focus of the day, while nothing he particularly mentioned was groundbreaking, he’s “increasingly confident that policy is currently well positioned to slow the economy and get inflation back to 2%.” The 7-year Treasury action was a touch on the weaker side, and this took some of the steam out of s…

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