The View from 5th Avenue

The View from 5th Avenue – 13 March 2024

It's an oft-repeated phrase around these parts that new highs are bullish, and we stand by it. But sometimes those new highs make investors sheepish and/or limit willing participation. Or gravity defying levels in the marketplace encourage profit taking. This was likely the case today ahead of a triple-witching Friday and a dearth of major catalysts coming to fruition next week. Meanwhile, treasuries continued lower again still reeling from CPIs, the DXY was slightly weaker, and oil spiked on t…

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