The View from 5th Avenue – 20 April 2026
It was fun while it lasted, after a flawless finish to last week, US Equities had a different tune to commence this week. With a mixed to down open the S&P 500-SPX and Nasdaq-CCMP Indices trimmed its ATH gains throughout today’s session. We saw a bit of mean reversion with the Russell 2000-RTY outperforming as wartime tensions and Fed commentary were back front and center. After the U.S. seized an Iranian vessel in the Gulf of Oman on Sunday, the risk on premium came roaring back, sending crude…