The View from 5th Avenue

The View from 5th Avenue – 20 March 2023

To hold or not to hold… THAT is the question! Fed week is now upon us, and the landscape has changed dramatically from where we stood just 2 weeks ago. The echoes of higher for longer are a faint and distant memory now as the banking system braces to stabilize itself and the broader economy with it. Monday trading served as a day of (needed) reprieve after many were hard at work over the weekend to find a suitable(ish?) mate for CS, though FRC (-47%) still getting hit after another credit do…

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