Will Wait for Refreshment

With the S&P 500 near all-time highs, we are seeing many hedge funds turns bearish following a string of weaker-than-expected earnings reports. About 82% of the S&P 500 companies that have shared forward guidance have issued negative outlooks.

Even though companies such as Home Depot (HD) and others are delivering solid bottom-line performances, they are increasingly falling short on the revenue line. In addition, the Federal Reserve is poised to continue its efforts to taper its quantitative easing program over the coming months, prospects for greater inflation ahead and less disposable income in your pocket, and odds are we will see a rotation of sorts back into more defensive names, particularly ones that have been beaten up of late....521 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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