The View from 5th Avenue

The View from 5th Avenue – 25 July 2022

Just when it looked like growth was about to take back the crown, jitters going into big tech earnings this week SNAPped growth’s recent outperformance (see what I did there?). The SGX underperformed SVX by over 1.3% today as a volatile start the week gave investors pause, leaving the S&P slightly higher +13bps and the Nasdaq down -43bps. The weakness was led by Tech and Consumer Discretionary names, with many due to report in the next few days.

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