The View from 5th Avenue

The View from 5th Avenue – 18 May 2022

Woof… It’s hard to know what to say on a day like today as markets posted one of the ugliest declines in a year that’s unfortunately been chock-full of them C in fact (in the spirit of precision) it was the worst single-day performance for the S&P since June 2020. Red basically everywhere you look, but the sell-off was especially demoralizing given it marked a screeching halt to the much-discussed “bear market bounce” before it really even got started.

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