View from 5th Avenue

The View at Two – 15th April, 2021

Goldilocks Triumphs… Realistically speaking bulls almost couldn’t draw up the action today any better. Sure, Bank earnings aren’t getting as warm a reception as hoped, but they’re also a necessary (and lightly-weighted) casualty as Treasury yields tumble even as monster economic datapoints signal the US recovery is in full force. The potential for the “just right” balance of high growth and low rates has Growth/Tech cheering and Value trailing as the tide pulls indices to fresh ATHs. A look at some notable sector/stock moves on a busy day:

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