The View from 5th Avenue

The View from 5th Avenue – 5 March 2024

When the mighty fall, they take the rest of the lot with them. Especially when the mighty are that which is BIG Tech and you are in the context of this market… Today’s price action was a healthy retracement for the second day in a row this week with a steady fade lower and a last-ditch effort for a bounce off session lows into the close. Sniffs of China headwinds from both the macro and AAPL/AMD-related tainted sentiment overnight, spilled into the European session, and maintained its cours…

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