The View from 5th Avenue

The View from 5th Avenue – 2 June 2022

Perhaps this is more than simply a bear market bounce. With the Queen’s 4-day rager kicking off today, it seemed like an opportune time for markets to rest on their laurels some a few days into the summer and ahead of key economic data. But today has seen the opposite. And while we didn’t see the levels of volumes we’d prefer to signal something substantial, it’s hard to deny sentiment at least is starting to match some of the positive signs emanating from the market. It’s not often a top 5 biggest company in the world cuts guidance as one of the more dovish members of the Fed spreads their hawkish wings and yet we finish firmly in the green, but here we are.

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