Salient to Investors: Bloomberg reports 64 percent of 108 S&P 500 companies had analyst ratings lowered in the past week. Investment Company Institute say American equity mutual funds had $7.2 billion of outflows during the week ended May 23 versus $178 billion of outflows in the previous 12 months. Predictions: Blackstone Group’s Byron Wien says it’s safe to
READ MORE... →Salient to Investors: Stocks in developed countries are being favored over emerging markets in the belief they provide a cushion during a weakening recovery. Keith Wirtz of Fifth Third Asset Management sees a shift to countries less reliant on mining and energy production. Eric Teal of First Citizens Bancshares said definitions of buy, sell and
READ MORE... →Salient to Investors: Equities may rebound: 5-month low in S&P 500 last week is similar to its 2011 low, as the 14-day relative strength index again stayed above lows. Predictions: BTIG said divergence of market lows and RSI is bullish for the next six weeks. Auerbach Grayson said the false breakdown below the 200-day moving average RSI divergence are
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