Ebb & Flow

Two droughts were ended last week in the U.S., as there was a completed IPO and a proposed follow-on. It's the first activity in the U.S. public equity markets since the end of the first quarter. Nevertheless, buysiders and industry watchers aren't expecting any floodgates to open.

"The market's still highly selective and I don't think there's a window here," said Thomas Dietz, co-CEO of Pacific Growth. ...