The View from 5th Avenue

The View from 5th Avenue – 26 June 2024

With macro developments firmly in the stable bucket, single stocks were the main attraction of today’s session. New Home Sales fell short in the morning half, but last month saw upward revisions which took the sting out of the surprise lower. Thus, center stage featured earnings results as well as eye roll please…megacap tech. Amazon (+4%) hit a record high above $2 trillion, becoming the 5th US company to surpass that level and Apple (+2%) benefitted from a broker upgrade, while Nvidia (+0.25%…

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