The View from 5th Avenue

The View from 5th Avenue – 18 January 2024

Stocks rebounded today after two weaker previous sessions and the Nasdaq took the lead early. The CCMP’s performance was not altogether surprising though--- the IYW (iShares Tech ETF) made a new all-time relative high yesterday and was strong again today (+2%), reconfirming tech’s long-term outperformance uptrend. The US30yr was back above the 50d moving average for the first time in 2months with the next short-term resistance level around the 4.47% area, before hitting 4.60%. Elsewhere, Brent…

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