Fed History Shows Punch Bowl Goes as Jobs Rise: Cutting Research – Bloomberg 05-23-13

Salient to Investors: Barry Knapp at Barclays predicts the Fed will maintain its current rate of asset purchases into 2014, as the labor market is again the Fed’s focus. Knapp said an improving labor market rather than accelerating inflation made the Fed end its last 3 easings – May 1983, February 1994, Feb-to-August, 2004. In

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Rich-poor divide accelerating, says OECD – BBC News 05-15-13

Salient to Investors: The OECD said: The gap between rich and poor widened more in the 3 years to 2010 than in the previous 12 years. The richest 10% of society in the 33 OECD countries received 9.5 times that of the poorest in terms of income, versus 9 times in 2007.

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Investors Expecting U.S. Markets With Best Return in Poll – Bloomberg 05-15-13

Salient to Investors: Bloomberg Global Poll: International investors are the most bullish on the US and Japanese markets in more than 3.5 years as both economies are seen to be improving. Over 40% will reduce gold exposure over the next 6 months, close to 3 times more than those who

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Tech Stocks Are Cheapest in Seven Years – Bloomberg 04-29-13

Salient to Investors: Tech, energy and financial stocks are the most inexpensive industries in the S&P 500 with multiples of less than 14 times earnings. US tech stocks, the second-best industry of the past decade, are at 13 times projected earnings, the lowest level versus the S&P 500 in at least 7 years. Analysts

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Japans’s Scary Lesson on Slashing Interest Rates – Bloomberg 04-25-13

Salient to Investors: William Pesek writes: Japan has taught us that slashing interest rates to zero and beyond is much easier than returning them to normalcy. In Japan, credit spreads mean little, the underlying assets on which they are based are drugged up on monetary stimulants, bank balance sheets get muddied, it

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European Stocks Jump Most in Eight Months on Earnings – Bloomberg 04-23-13

Salient to Investors: Alan Higgins at Coutts expects another 7 to 10 percent on equities worldwide in 2013. Greg Fuzesi at JPMorgan said today’s PMI makes an ECB rate cut more likely, and expects one in June. Read the full article at http://www.bloomberg.com/news/2013-04-23/european-stock-futures-rise-stmicro-michelin-may-move.html. Click here to receive free and immediate email alerts of the

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U.S. Stocks Gain as Caterpillar Rises, Commodities Rally – Bloomberg 04-22-13

Salient to Investors: Michael Purves at Weeden said the markets are starting to process softening economic news and a correction. 72 percent of the 111 S&P 500 companies so far reporting have beaten earnings estimates. Thomas Nyheim at Christiana Trust said housing is showing modest improvement. William C. Dudley at

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