Salient to Investors:

Tim Hartzell at Sequent Asset Mgmt said the Fed’s comments took a little excess out of the stock market as equities had gotten ahead of themselves in the belief there’s always going to be $85 billion come into the market from the Fed.

72 percent of the 427 S&P 500 so far reporting beat profit estimates, 65 percent beat sales estimates.

Neil Massa at John Hancock Asset Mgmt said investors are taking profits and waiting for the next catalyst – a healthy sell off and not a downtrend.

Russ Koesterich at BlackRock said volatility will likely increase with the March 1 deadline for automatic budget cuts, so investors with above benchmark US equities should reduce exposure, and be cautious of consumer stocks.

Read the full article at

Free email alerts of articles as soon as they are posted.