The View from 5th Avenue

The View from 5th Avenue – 6 September 2024

A brutal end to a week that might just leave you singing “Wake Me Up When September Ends”. Major US indices closed deep in the red with the S&P500 notching its worst week in eighteen months. Rotation was the name of the game as tech names bore the brunt of the selling pressure, but the main focus of the day was this morning’s hotly awaited NFPs for August. However, the reading ended up being more fizzle than firework as those holding out hope that the data would shed some light on what we can e…

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