Ratings Ratio Worst Since 2009 as Profits Slow: Credit Markets – Bloomberg 06-26-13

Salient to Investors: Corporate creditworthiness in the US is deteriorating at the fastest pace since 2009 with earnings growth slowing as yields rise from record lows. Moody’s said the ratio of upgrades to downgrades fell to 0.89 times in the first 5 months of the year after reaching a post-crisis

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WTI Crude Rises on Speculation Fed to Keep Stimulus – Bloomberg 06-26-13

Salient to Investors: John Kilduff at Again Capital said the terrible GDP number gives the Fed room to continue QE and there won’t be a tapering anytime soon. balance these Read the full article at http://www.bloomberg.com/news/2013-06-26/wti-crude-rises-on-speculation-fed-to-keep-stimulus.html Click here to receive free and immediate email alerts of the latest forecasts.

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Don’t Panic as Bond Market Ship Not Sinking, Pimco’s Gross Says – Bloomberg 06-26-13

Salient to Investors: Bill Gross at Pimco said: Bond yields and risk spreads were too low 2 months ago and global markets that were too leveraged are now reducing risk The Fed tilted over-risked investors to one side of an overloaded and over-levered boat when discussing tapering, so don’t panic.

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Lost Decade for Bonds Looms With Growing Return for Equities – Bloomberg 06-24-13

Salient to Investors: 10-year Treasuries yield 2.61 percent versus the S&P 500 aggregate earnings yield of 6.4 percent – more than double the average spread of 1.9 points since 2000. Investors are avoiding longer-term Treasuries, concerned that returns will be depressed for years, and money managers foresee the end of a rally that

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Stocks Fall With China in Bear Market as Bonds Decline – Bloomberg 06-24-13

Salient to Investors: Ethan Anderson at Rehmann Financial said investors have been shaken by the concept of rising interest rates, a reduction in Fed stimulus, and uncertainty about the Chinese central banking system. Goldman Sachs cut its 2013 forecast for China’s economy and said the cash squeeze is hurting growth. Vasu Menon

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