Salient to Investors:
Witold Bahrke at PFA Pension A/S said overall market sentiment is still driven by two forces: disappointing macro data and abundant liquidity – last week, liquidity won, this week, disappointing macro data seems to be the winner.
The VIX moves in the opposite direction to the S&P 500 about 80 percent of the time.
71 percent of the 41 S&P 500 stocks so far reporting have beaten earnings estimates for profit, 56 percent have beaten sales estimates.
Read the full article at http://www.bloomberg.com/news/2013-04-16/u-s-stock-futures-advance-before-housing-starts-report.html
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