The View from 5th Avenue

The View from 5th Avenue – 1 May 2025

April is in the rearview now, but the recent trend higher continued for the 1st day of May. Equites got a boost as two of the MAGA 7 (no-typo) provided positive results last night, highlighting that their earnings power continues even in a volatile tariff headline driven environment. The S&P 500 closed higher by 63bps, its eighth day in the green (last time was August 2024) as Tech (XLK +1.47%) led. Microsoft (+7.6%) and Meta (+4.2%) provided the impetus and that was enough to get the broader g…

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