The View from 5th Avenue

The View from 5th Avenue – 26 February 2024

Quite the opposite of “Manic Monday”...Perhaps, the mania hasn’t started as we await a slew of economic data/commentary this week from Fed officials, in addition to receiving US CPI, PCE & ISM as earnings dwindle. After a mixed morning in US equities, seasonality (which we have continued to speak at nauseam) starts to turn negative as witnessed in today’s trading session. On the macro front, US Jan New Home Sales came in below estimates (661k vs. est 684K). A timely print, as our analyst Sam H…

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