Markets Headlines
· Junk companies shut out of market thanks to market rout; worst junk environment since
depths of the credit crunch last year; 7 high-yield deals have been delayed or dropped since
Apr 29 – WSJ
· SP500 equity technical update - Nearby supports are 1070 and 1056. Breaks to the 1044
Feb low, and 1020 Apr-May equal downlegs. Bounces resist at 1103 200 day MA, and 1107-
1114 May 20 gap down. JPMorgan’s M Krauss.
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