The View from 5th Avenue

The View from 5th Avenue – 2 July 2024

These mid-week holidays really wreak havoc on volumes—now the second of its type in nearly as many weeks—but does little to dent performance!! US Equities resumed their ascent to close at yet another record-high with the S&P closing above 5500 and NDX breaking the 20k glass despite depressed volumes ahead of a half-day session tomorrow before markets will be closed entirely for the Fourth of July on Thursday and will again reopen for Friday trading. This morning we heard from Fed chairman Pow…

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