The View from 5th Avenue

The View from 5th Avenue – 15 March 2024

A third consecutive finish in the red today for US equities sets up an interesting scene for next week’s star-studded line up: Nvidia GTC Q&A call, a FOMC meeting, and a BoJ rate decision. Yields stepped up across the curve this week, jolting higher with each piece of luke-warm to hot inflation data (PPI I’m looking at you!) serving as a wakeup call to investors. The data deluge continued this morning with Empire Manufacturing coming in below all estimates while the Michigan sentiment was a tou…

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