The View from 5th Avenue

The View from 5th Avenue – 26 May 2022

No News is Good News! This post Fed-minutes mentality that markets finished with yesterday continued into today, and markets were primed to bounce again - they did just that, with the most beleaguered names once again leading the way. A few better than expected Retail reports (DG +13.8%, DLTR +21.9%, M +19.3%)  helped futures shrug off some of the early strains from Big Tech, but this morning’s backwards looking economic data didn’t help ease the growth fears that have weighed recently.

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