The View from 5th Avenue

The View from 5th Avenue – 26 May 2023

For those that are traveling on their way to long weekend plans, let it be known that we have closed above 4200 on the S&P! And given that the 2 stars of the show driving markets higher are 1.) AI-fueled earnings (MRVL + 32%)/ BigTech updraft and 2.) hopes for an imminent handshake on the debt ceiling into the long weekend, I thought I would blend the two and ask ChatGPT how to solve the limit impasse. The answer provided 6 possible solutions which included: raise the debt ceiling, reduce s…

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