The View from 5th Avenue

The View from 5th Avenue – 6 May 2024

Don’t call it a comeback, but… US markets have just inked their third consecutive session of gains and the main three indices are officially all back above their 50-DMAs, effective as of the close today. As the pendulum has swung from hawk to dove, so have markets seemed to find more solid footing to assume their ascension that has prominently defined this year’s stock market performance prior to the most recent pullback. This week may prove to be a more fertile playing ground for further gai…

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