The View from 5th Avenue

The View from 5th Avenue – 18 June 2024

With the US markets closed tomorrow for Juneteenth, traders kept a cautious approach into the day off. Some themes were maintained however as Semis climbed to another all-time high with a Nvidia bull (+3.5%) raising his price target to $200 (if attained, would value the company at $5 trillion). But the stock market has more than seven stocks (believe it or not) and that keeps investors mindful of economic data. As the Fed decides when/ if to cut and the Street looking for one to two in 2024, ea…

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