The View from 5th Avenue

The View from 5th Avenue – 8 July 2024

As firework celebrations come to a screeching halt with US Independence festivities behind us, it’s back to markets! At a glance, this week has quite a few tidbits we can hang our hats on, starting with the surprise win by the Left in the snap French elections (may cause concern ahead of coalition talks), alongside President Biden squashing rumors earlier this morning of him stepping down as the democratic party candidate. All in all, US markets seemed unphased however with FOMC Chair Jerome Po…

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