Andrew Chader
The View from 5th Avenue – 23 April 2026
So, Iran, that’s still happening. Even as US equity indexes continue to march to new all-time highs, the Middle East conflict continues in the background, flaring randomly and creating tape havoc. Investors were busy working through the multiple earning reports and indexes were trading relatively unchanged, when a fresh headline about Iran’s parliamentary leader resigning (Ghalibaf), sent stocks lower (S&P 500 dropped 1.2% on that). Indexes did rally off those intraday lows but closed down 41bp…
The View from 5th Avenue – 9 April 2026
The positive rhetoric emanating from Washington regarding the ceasefire continues and markets remained bid in expectation that an ultimate solution will be agreed upon. While the scene remains dynamic, the S&P 500 gained 62bps and Nasdaq 83bps, building upon yesterday’s solid gains and keeping the exchanges above the moving averages they broke through yesterday. The S&P 500 and Nasdaq did test their 50d ma supports early (6765 and 22520 respectively) but held after headlines of direct talks bet…
The View from 5th Avenue – 18 March 2026
Highlighting how quickly a headline can shift the intraday narrative, equity futures were pointing towards a positive open first thing. But conflicts produce unexpected outcomes, and Israel’s attack on Iran’s South Pars gas field allowed Iran to respond by vowing reciprocity. Crude, which was trading below $95, immediately jumped, leading to a fast drop in S&P futures. It did not get better the rest of the session. Investors are wary about higher prices and today’s main economic data release ce…