The View from 5th Avenue

The View from 5th Avenue – 13 May 2024

It was another case of the ‘Mondaze’ in markets today as US indices faded into listless trading by the afternoon and closed marginally above/below the breakeven between the big three. Declining volumes have been a developing theme alongside the recent rally with Friday marking the lowest volume traded YTD for the S&P. But this morning’s action snapped that streak with a sassy start sparked by heavy short covering in Gamestop Corp (+74%) ~and the meme universe at large~ after social media marke…

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