The View from 5th Avenue

The View from 5th Avenue – 1 May 2024

Where do I begin? On a day where traders were graced with headline after headline, it was clear everyone’s focus was on the Fed’s tone following a lack of progress against inflation. Before we get to the headliner (the Fed), the morning kicked off with a plethora of earnings. Amazon (+2.2%) provided the MAG7 with a nice lift after AWS logged some serious strength with sales +17% y/y and guided Q2 revenue in line with street estimates. Then there was some cause for concern with regards to the co…

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