The View from 5th Avenue – 17 June 2026

Futures were mixed to higher for much of the morning leading into open. Investors seemed inclined to take a “wait and see” policy ahead of Kevin Warsh’s first FOMC meeting later in the afternoon. Market opened higher but struggled to find a catalyst to propel through ATH’s, Semi’s and memory names generally better after yesterday’s softness. Also moving higher into the fed decision included large cap banks, chemicals, airlines, machinery and homebuilders. Large cap tech was broadly lower wi…

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