The View from 5th Avenue – 23 April 2024
Posted onWhat 6-day losing streak?! Investors got even more hopeful about a V-shaped recovery today as equities moved well into the green for a second day running. The S&P closed +1.2% and the Nasdaq closed +1.6%, while treasuries were mixed along the curve. The DXY saw 37bps of weakness and Brent rebounded 1.7%, thanks to waning geopolitical concerns. A slew of earnings and dovish economic data gave equities the strength to rally ahead of Tesla’s report post the close, the first of the Mag 7. Flash PM…