The View from 5th Avenue

The View from 5th Avenue – 9 July 2024

The summer heat continues to rise here in New York City and so do main US Indexes, with both the Nasdaq and S&P 500 closing at another all-time high. There wasn’t much to talk about on the street today as traders prepare for Thursday which will give us June CPI data and kick off an eagerly awaited earnings season. Chairman Powell was on full display this morning while testifying in front of the Senate banking panel. While he refused to comment on future policy decisions or movement, he did give…

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