The View from 5th Avenue

The View from 5th Avenue – 29 April 2024

It was a bit of a lackluster session in Monday trading today ahead of another heavy week for both single stocks and macro alike with ~175 S&P companies reporting earnings as well as the May 1 FOMC meeting on Wednesday. While the main US indices ultimately ended higher (and basically where they started), it wasn’t first without a sudden move lower in the final hour after the US Treasury released a surprising increase to $243b in their estimates for borrowing costs in the current quarter, which…

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