Fresh Supply

The market will be seeing some supply in the next couple of weeks. It has been pretty quiet this year on the supply front until now:
  • There is a $5 billion dollar offering of Met Life shares scheduled.
  • HCA is scheduled to price its $3.5 billion IPO next week
  • EOG resources just priced a $1.2 billion secondary
These large offerings will not be of help to the bulls in the coming weeks.

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