Salient to Investors:

Joseph Tanious at JPMorgan Funds said everyone is trying to figure the Fed – strong data reinforces the Fed message of the past few weeks and justifies the tapering of QE, while weak data makes people think the Fed is going continue QE a bit longer, with the end result of increased volatility.

Richard Sichel at Philadelphia Trust says it has been a wonderful month, with ‘Sell in May and go away’ blown apart.

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