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: The economy resembles the 1970s more than the 1990s. Alan Blinder at Princeton sees risk of the economy moving in the same direction as it did after 1973, though we are a long way from seeing a sustained rise in inflation. Blinder said the long-term trend in
READ MORE... →Salient to Investors: Economists say the surge in part-time employment last month takes little away from the overall picture of steady progress in the labor markets. Millan Mulraine at TD Securities USA said the turn in labor market dynamics in favor of full-time employment started in late 2013, and the
READ MORE... →Salient to Investors: Jim Vogel and Chris Low at FTN Financial said: Treasuries are years away from reverting to pre-financial crisis levels as growth remains weak and several hundred thousand people fall out of the labor force. Yields will end 2014 at 2.55 percent versus the median estimate of 3.07 percent.
READ MORE... →Salient to Investors: David Weidner writes: Five years into a slow paced economic recovery is good reason to be buying stocks, because rapidly growing economies usually goes belly up as quickly as they rise. The stock market always leads the economy but a 155% rise in the Dow since 2009
READ MORE... →Salient to Investors: Warren Buffett has been shifting toward capital-intensive businesses like energy and transportation, while reducing reliance on insurance operations and stock-picking. He is planning more investment in energy, in part in renewable power, as far as the eye can see. Buffett sees the steady but far from spectacular gains of
READ MORE... →Salient to Investors: Ed Yardeni at Yardeni Research said a common worry was that the drop in bond yields may be predicting economic slowdown. Investors Intelligence’s percentage of bulls is at the highest level since January 2005. The conventional wisdom, at least among fixed-income traders and the smartest stock traders,
READ MORE... →Salient to Investors: Tom DeMark at DeMark Analytics said the DJIA will start declining if we get one daily close above 16,581, accompanied by an intraday high exceeding 16,661. DeMark said markets top on good news, not bad news, when you have exhausted the last vestige of buying. Sam Stovall
READ MORE... →Salient to Investors: The Pew Research Center said the share of mothers with children under age 18 who do not work away from home rose to 29 percent in 2012, versus the modern-era low of 23 percent in 1999, which ended the decline in most years from 1970 to 1999. D’Vera
READ MORE... →Salient to Investors: Austin Holland at the Oklahoma Geological Survey said the state experienced its 109th earthquake of a magnitude 3 or higher on April 6, matching the total for all of 2013. Reports have become more frequent from Texas to Ohio of earthquakes linked to wells that drillers use
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