View from 5th Avenue

The View from 5th Avenue – 28 September 2022

Turnaround Tuesday came a day late this week, but it will take more than one day to reverse the down trend. Not to mention, we have yet to break through the 3733 level on the S&P futures. Today's move higher was spurred, in some part, by a recovery off the June lows. The shocking policy move by the BOE overnight also catalyzed some covering in markets, which lifted all assets off initial lows.

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