Salient to Investors:
Markus Rosgen and Yue Hin Pong at Citigroup said stock funds attracted $18.8 billion last week versus $3 billion for bonds, with 58 percent of equity inflows going to North American funds. Pong said the outperformance of equities over bonds was mainly driven by US ETFs, while earnings are positive.
74 percent of the 239 S&P 500 companies so far reporting beat estimates.
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