The View from 5th Avenue – 2 May 2022
Investors started this morning with hope for a new month and a fresh start—a bit of reprieve from March and April’s painful collision of negative sentiment and absurd valuations. And while the major indices ultimately found their way into positive territory by the closing bell, today’s choppy, unpredictable action only seemed to exacerbate the bearish dynamic (especially after Macro Man warned investors to be wary of the sinister bear market rally).