The View from 5th Avenue

The View from 5th Avenue – 15 May 2024

Nothing like a mid-week broad based rally to help get everyone closer to the weekend. After three days of eye-watering low volume across US markets, CPI and Retail sales data stepped in to shake the frost off traders’ bones and breathe some life into the market. Two consecutive months of a stagnant CPI data had dwindled hopes of any rate cuts this year and been a headwind for equities recently, but a welcomed sequential decline in both Core and Headline CPI numbers sent the S&P 500, Dow Jones…

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