The View from 5th Avenue

The View from 5th Avenue – 22 March 2024

Whomever decided to create today’s market schedule must have been a basketball fan. Zero economic data, zero earnings (for today), zero Fed speakers (yes Powell and Barr spoke, but not monetarily), and zero conferences provided the best backdrop for those that are interested in March Madness (ie, lowest volume day THIS YEAR). It has been a busy week for the macro and Powell did not disappoint the bulls when the FOMC kept their three dot plot plan for 2024 and said they would slow QT at some poi…

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