The View from 5th Avenue

The View from 5th Avenue – 2 January 2024

And just like that… we’re back! A fresh new year is upon us and much like the drop of the ball in Times Square at midnight, stocks fell mostly lower in a bit of an anticlimactic start to 2024. After nine consecutive weeks of gains for the S&P, one could argue that today’s fall was inevitable. We have only seen such a rally three different times since the 80’s and- fun fact- in 1985, the winning streak continued for an additional 4% to clock an impressive 12 week stretch of gains. With much…

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