The View from 5th Avenue – 8 April 2025

Futures flashed in the green early this morning signaling the potential for a healthy pause in the tariff induced global equity sell off –- a red herring if there ever was one. Though the stage was set for a rally, nothing in this environment is a) as it seems, b) logical, c) predictable or d) any of the above. Major indices opened higher but lost steam throughout the day, with the Dow falling nearly 2000 points in 5 hours. The S&P has now had a trading range greater than 5% for 4 straight day…

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