The View from 5th Avenue

The View from 5th Avenue – 25 April 2024

GDP threw a wrench in the works for both investors and the Fed. As if inflation wasn't difficult enough to tame, is this market now contending with an economy that's slowing? The dreaded S-word (stagflation) was thrown around as the Q1 reading introduced the perfect storm of weak growth, sticky inflation, and a tight labor market. But equities shrugged off early losses to close modestly in the red and there’s an argument to be made that April’s slide could be chocked up to a healthy reset of in…

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