Salient to Investors: The Nasdaq Composite is at 35 times reported earnings versus 17 for the S&P 500. Analysts forecast S&P 500 earnings climbed 1 percent in Q1. Chad Morganlander at Stifel Nicolaus said the rotation out of high-flying momentum stocks of 2013 into more value-driven opportunities will continue in the
READ MORE... →Salient to Investors: US-based emerging-market ETF equities and bonds are heading for their biggest monthly inflow since September, while global tech funds lost the most funds among 12 industries. Richard Titherington at JPMorgan Asset Mgmt said investors recognize emerging-market equities are cheap, rotating into sectors that have underperformed. Jennifer Vail
READ MORE... →Salient to Investors: Shares of high-dividend-yielding companies are trading near the lowest level in almost 3 years relative to the market. Jack Ablin at BMO Private Bank said the favorable investment backdrop of low interest rates is reversing and if the US economy stays on its current path, 10-yr Treasury
READ MORE... →Salient to Investors: Inflows into real estate ETFs in 2014 are 43 percent more than all of 2013. Bloomberg said in 2014, 31 percent of money going into US sector-focused ETFs was for real estate. Jim Sullivan at Green Street Advisors said the bond market correctly indicates an OK environment
READ MORE... →Salient to Investors: Credit Suisse said: Chinese buyers are pouring into the Australian residential market every year, pricing out a generation of Australians from the housing market, with many facing a lifetime of renting. Over the past 5 years, Sydney prices have risen by 45% and Melbourne by more
READ MORE... →Salient to Investors: Quincy Krosby at Prudential Financial is seeing momentum traders come in, while mixed US economic numbers and concerns about slowdown elsewhere have boosted demand for a safe-haven asset. Goldman Sachs in February reiterated gold will fall to $1,050 by year-end, Westpac Banking predicts $1,011 in December. UBS
READ MORE... →Salient to Investors: Chua Hak Bin at Bank of America Merrill Lynch said: Total foreign direct investment into Singapore, Malaysia, Indonesia, the Philippines and Thailand was $128.4 billion in 2103 versus $117.6 billion for China. Rising foreign direct investment into Asean will remain a favorable structural trend over the
READ MORE... →Salient to Investors: Hedge funds’ net-long positions of 18 US-traded commodities rose 18 percent last week to the highest since September 2012. Investors tripled the net-long position in arabica coffee this month to the most bullish since May 2011 Barclays said weather is the big driver of commodities. EPFR Global
READ MORE... →Salient to Investors: Strategas Research Partners said stocks are cheap. Of the respective 15-year average, their value in P/E ratio terms is 95%, in enterprise value to cash flow is 85%, in oil terms is 65%, and in gold terms is 58%. Jason Trennert at Strategas said a number of their
READ MORE... →Salient to Investors: Catherine Yeung at Fidelity Investment Mgmt is advising calm, adding that profits are rising and shares just got a lot less expensive as being a contrarian and buying when things seem bad is often a good thing. Goldman Sachs to AMP Capital Investors and JPMorgan Chase are
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