Bulls and Bears in Dead Heat - TheStreet

Bulls and Bears in Dead Heat

As a new trading week gets set to begin, our latest sentiment survey finds there's no clear winner in the debate between bulls vs. bears.
Publish date:

Updated from 5 a.m. EDT



) -- It's evident investors expect this difficult market to continue; as a new trading week gets set to begin, the latest results of the TheStreet Poll reveal there's no clear winner when it comes to bulls vs. bears.

As of 7 a.m. EDT Monday, poll participants who were bullish tallied 43%, or 324 of the 753 votes cast in the poll. Bears scored 308 votes, or 41% of the total, while survey-takers who were neutral racked up 121 votes, or 16.1% of the total.

Perhaps economic data this week will drown out the deluge of headline news that has been moving markets lately. This week, among other things, sees data on May import and export prices, the producer price index, which tracks prices of goods at the wholesale level, housing starts, industrial production and consumer prices from May.


Dow Jones Industrial Average

ended last week with a gain of 2.8% in a market that at best could be called choppy. The

S&P 500

rose 2.5% and


ended the week with a 1.1% increase.

Premarket futures suggest Wall Street will begin the week higher when trading begins Monday.

European markets were higher, while Asian stocks ended the day with gains. The Nikkei stock average in Tokyo rose 1.8%.

Earnings reports are expected this week from

Best Buy

(BBY) - Get Report



(FDX) - Get Report



(KR) - Get Report


Precious metals, as has been the case in recent polls, was seen by poll participants as the sector most likely to rise this week. Survey-takers viewed commercial banks, again, as usual, as the sector most likely to decline.

In corporate news,


(BP) - Get Report

said the costs of the response to the oil spill so far have reached $1.6 billion, while


(MOS) - Get Report

is reportedly in talks to buy Mexico fertilizer firm

Grupo Fertinal


> > Bull or Bear? Vote in Our Poll

The poll closes at 9:15 a.m.

-- Written by Joseph Woelfel in New York.