The View from 5th Avenue

The View from 5th Avenue – 18 July 2024

The British Open kicked off this morning and the allure of this tournament fairly often is the impact weather can have on the tournament (in UK golf parlance, this means poor conditions i.e., wind/rain). Without that exogenous effect, the courses can be a bit docile. Markets have been without much ‘weather’ for long stretches this year and we’ve seen new all-time highs being set fairly frequently. That has changed of late, with rate cuts expected soon, a significant rotation at play and a fresh…

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