View from 5th Avenue

The View from 5th Avenue – 29 September 2022

US markets again feeling the inevitable weight of gravity after yesterday’s [short-lived] relief rally.  Market breadth scales tipped quickly back to the negative with all sectors firmly in the red for the session- (yes, including the ever-buoyant energy darling).  Crude slipping lower, unable to buck the trend even as OPEC+ discussing output cuts to come next week.

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