The View from 5th Avenue

The View from 5th Avenue – 21 February 2024

The final hour of trading was a rather interesting sequence of events, with US equities reaching session lows at the top of the hour to only spike into the bottom of the hour (last 30minutes) resulting in equities catching a bid and skewing the auction to the buyside. Needless to say much of today’s session felt rather risk off and rightfully so! Dominating the headlines from intraday Fed comments to FOMC Fed Minutes early afternoon to Nvida (-2.85%) earnings post market (beat across the board)…

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