The View from 5th Avenue

The View from 5th Avenue – 26 March 2024

Markets have been strolling along at quite the leisurely pace for a week that marks both month and quarter-end where main US indices are knocking on the door of double-digit gains with 75% of the year still yet to unfold. Equities were walking on the sunny side of the street up until 30mins to go, when they suddenly crossed the street and went from gains to losses in swift step. With no obvious catalyst for the change in tune, lighter volumes and a closing sell imbalance seemed to do be the m…

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