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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Pancho Villa who wrote (8541)5/7/1998 9:58:00 PM
From: Oeconomicus  Read Replies (1) of 18691
 
Pancho, AMG Data Services says $2.4bn went into equity funds in the week ended Wed. Back from negative territory, but it and taxable bond funds were both down a billion from the same week last year and equity inflows this week are only half the four week moving average. Wonder how this week is shaping up with the weakness of the last couple days.

amgdata.com

A lot is riding on tomorrow's employment report. The S&P is sitting right on the 50 day MA and I think the next support is a good way down. Here's hoping for even tighter labor markets and higher wages.

Regards,
Bob
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