The View from 5th Avenue

The View at Two – 7 July 2020

Going Streaking… 5 up days in a row for the S&P, 15/17 for the Nasdaq… stocks have been on quite a run of late despite all the virus threats to reopening, so a bit of a stumble today isn’t causing too much of a stir. Still it’s interesting to note the S&P keeps bumping its head around the 3182 level that marks where the index was before its downward gap on June 11. For all of the grinding higher that’s been done we have still yet to get back to the early June highs – though with FOMO still very much at play for those who missed the boat and summer volumes typically light, it sort of feels like it’s only a matter of time…

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