The View from 5th Avenue

The View at Two – 19 June 2020

Witching for the Weekend… It’s been a busy week of headlines but none have really packed enough punch to point to whether stocks’ next big move will be up or down (or spark a pickup in volumes the last few days). Regardless quad-witching is the story of today, with quarterly expiry meaning it’s not worth reading too much into today’s trading action as a gauge of sentiment. Still, pesky 2nd wave fears continue to pop up, with word Apple (AAPL -1.0%) will be re-closing some stores in states with growing virus cases sending indices into the red within the last 2 hours.

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