The View from 5th Avenue

The View from 5th Avenue – 12 September 2024

To 25 or 50---that is the question, and the main thing on investors’ minds currently. And while the distinction itself doesn’t feel overly critical to the market’s trajectory, there was a Nick Timiraos WSJ article today debating the merits of each. Spoiler – he doesn’t exert a strong opinion either way, but he does quote Fed officials who think 50bps would be a good start. While we await our beleaguered Fed, the SPX was busy trying to make fresh highs today (though couldn’t quite make it to the…

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