Salient to Investors: Family-run businesses with aging owners and no successor are increasing in Japan as the population shrinks. Japan has 1 million small businesses with 10 or fewer employees, with people in their 70s as the biggest proportion of the self-employed. Nobuo Tomoda at Tokyo Shoko Research said a
READ MORE... →Salient to Investors: The median economist predicts GDP will grow 3.1 percent in half2 2014 and 2015 will be the strongest year in a decade. Ethan Harris at Bank of America sees no major headwinds and forecasts 3 percent growth in half2 2014 on fewer government cutbacks, rising auto demand
READ MORE... →Salient to Investors: Sam Vecht at BlackRock says Russian stocks are very cheap, carry a high dividend yield, and earnings downgrades are absent. BlackRock’s Emerging Europe Trust was 50 percent invested in Russian stocks at the end of May. JPMorgan upgraded Russian stocks in June, The Micex is at 5.6
READ MORE... →Salient to Investors: Amundi Asset Management, Credit Suisse and Sumitomo Mitsui Trust Bank expect Hong Kong stocks to struggle as reduced Fed stimulus weighs on developers and banks that comprise over 35 percent of the index. Ayaz Ebrahim at Amundi Asset Mgmt says China is too cheap and is selling
READ MORE... →Salient to Investors: Geoffrey Dennis at UBS said Brazil’s 7-1 soccer loss to Germany was so crushing that it upends the conventional theory that World Cup defeat would be positive for Brazil’s financial markets because it would cause voters to oust Rousseff, who has sunk the economy into stagflation. Instead,
READ MORE... →Salient to Investors: Matt McCormick at Bahl & Gaynor says investors are bracing for more volatility on the basis that the economy and market are not as strong as they thought. Raymond James said equities are vulnerable to losses. Citigroup is concerned about a severe pullback. Christine Lagarde at IMF
READ MORE... →Salient to Investors: Karen Umland at the DFA Emerging Markets Small Cap Portfolio Fund is slightly overweight India, and had 15 percent of holdings in Taiwan, over 14 percent in South Korea, over 14 percent in China, and 9.2 percent in Brazil at the end of Q1. Umland dislikes Russia
READ MORE... →Salient to Investors: Sabine Lautenschlaeger at ECB said radical programs such as QE should only be considered in real emergency situations, like imminent deflation, because the side effects are especially significant, but said that those risks are neither visible nor expected. Benoit Coeure at ECB said rates will remain very
READ MORE... →Salient to Investors: Tom Stringfellow at Frost Investment Advisors expects interest rates to rise sooner than people expect, causing a knee-jerk reaction, but not at a rate that derails this stable environment. Jan Hatzius at Goldman Sachs expects the Fed to raise rates in Q3 2015. The S&P 500 is
READ MORE... →Salient to Investors: Neil Woodford at Woodford Investment Mgmt is cautious on the global economy and is buying sectors resilient to economic downturns like drugmakers and cigarette makers. Read the full article at http://www.bloomberg.com/news/2014-07-06/woodford-s-cautious-stance-see-glaxo-bat-top-10-holdings.html Click here to receive free and immediate email alerts of the latest forecasts.
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