The View from 5th Avenue

The View from 5th Avenue – 17 October 2024

There was no shortage of moving parts today, beginning overnight with China disappointing the shock-and-awe injection seekers. It was followed by a continued barrage of earnings, a handful of economic data and potentially game-changing geopolitical headlines. Through it all, equity markets held steady, though fell just over the line into negative territory with minutes left to go. The DXY jumped 20bps, treasuries saw selling pressure, and Fed expectations shifted slightly hawkish. The move in…

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