The View from 5th Avenue

The View from 5th Avenue – 25 May 2023

$184bn. That may be off by a billion or two, but that eyewatering number is what Nvidia added to its market cap today. It also sums up what is currently happening to the US markets. Mega-tech/AI is driving the current performance, while the rest of the sectors are searching for the next direction. With the Nvidia (+24.3%) story driving gains in the Nasdaq and S&P, investors continue to monitor the ongoing debt ceiling negotiations. Both sides seem to be working towards a deal, especially after…

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