The View from 5th Avenue

The View from 5th Avenue – 15 July 2024

Another UP day for US Equities. The stats are impressive, so let's take stock. 9 out of 10, or more broadly, 18 out of the last 26 sessions for the S&P500 have ended in the green. Today narrowly missed clocking a record-breaking 38th new all-time high this year on a quiet fade into the close from the mid-morning highs amidst a rather 'mundane Monday'... UP days have, however, become the new status quo. Expectations are now tipping the scales rather decidedly for a 25bps rate cut in Sept to 91…

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