The View from 5th Avenue

The View from 5th Avenue – 25 March 2025

Major indices struggled to find direction today but held up fairly well in the face of news flow that leaned negative. Futures started the day in the green after yesterday’s broad-based gains, but slowly reversed course after some confusing signals from the White House regarding tariffs, followed by some downbeat economic data, another negative housing earnings report from KB Home (-5.2%) and a warning about US fiscal health from Moody’s. Further on the eco data, there was a weaker than expect…

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