Salient to Investors:
Hedge funds et al increased combined net-long positions for the first time in 7 weeks.
James Paulsen at Wells Capital Mgmt sees many reasons why we are turning the corner, and says growth in the US and China supports being in commodities.
Societe Generale said Chinese manufacturers are seeing the light at the end of tunnel, boosting demand for copper which will be in a supply deficit this year.
John Kinsey at Caldwell Investment Mgmt said Europe’s fiscal woes will be a drag on global growth even as conditions improve in the US and China. Kinsey is not bullish and on the sidelines.
Cameron Brandt at EPFR Global said money managers added to commodity funds last week.
Evan Smith at US Global Investors said the US looks fairly constructive, while China is showing signs of growth.