The View from 5th Avenue

The View at Two – 25 March 2020

Don’t Jinx It… These volatile times have given new meaning to a certain saying involving counting chickens, but at the moment the S&P is on track to post its first back-to-back gains since Feb 11-12. US indices appear to have found their mojo again after it appeared earlier that yesterday’s rally had exhausted all the stimulus bill enthusiasm, and the S&P is now ticking just above last week’s highs. Still, the worst is clearly yet to come in terms of virus cases in the US, with NYC expecting to reach its peak in 2-3 weeks and hospitals there already testing capacity. Add in unemployment data coming tomorrow, and it will be interesting to see just how long the current optimism holds up

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