The View from 5th Avenue

The View from 5th Avenue – 29 October 2024

There’s a lot happening over the next seven trading days and that has the Street on edge. But while the various events all have something to monitor closely, the path for equities continues upward for now. Besides earnings, this week’s economic data is packed with employment insights bookended by the nonfarm payrolls Friday. JOLTS this morning fell below estimates (7.443mn versus 8mn) giving Treasuries a brief pop, as openings continue to show a move back towards pre-covid levels (today’s print…

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