The View from 5th Avenue

The View from 5th Avenue – 6 June 2024

It was a dull day here on 5th Avenue in New York City, perhaps a small hangover after the S&P 500 reached a new all-time high again yesterday. Nvidia (-1.1%) investors seemed to be trimming slightly after closing above $3 trillion market cap yesterday and briefly taking the number two spot away from the behemoth Apple. The theme remains the same today as it has for the past year where Tech continues to dominate US markets. To put it into perspective, the Dow Jones is at a 20-year relative low w…

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