Salient to Investors: Russian investment banks controlled by Russia are squeezing out foreign competitors, helped by a bailout of the country’s richest men five years ago. Freeman & Co says Russian banks won 38 percent of fees in 2012 versus 7 percent in 2005, European banks dropped to 32 percent from
READ MORE... →Salient to Investors: Goldman Sachs forecast that supplies at the US delivery hub in Cushing, Oklahoma, will shrink at the end of May. Goldman Sachs now recommends buying September 2013 WTI and selling September 2013 Brent rather than the June spread because weaker production growth in Texas and New Mexico greatly reduces the risk
READ MORE... →Salient to Investors: Jan Hatzius said the US economy is losing steam and the current $85 billion pace of purchases is very likely to continue for the time being. Michael Cloherty at RBC Capital Markets said the significant move in Treasuries may be too much, and does believe the widely expected dramatic change in capital flows from the
READ MORE... →Salient to Investors: Goldman Sachs said global inventories will remain low and economic growth will pick up in the half2 2013, and maintained its Q2 target of $110 a barrel. Read the full article at http://www.bloomberg.com/news/2013-04-05/wti-crude-oil-futures-fall-after-u-s-payroll-data.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: The average strategists expects the S&P 500 to end 2013 at 1,571. Sean Darby at Jefferies sees 1673 at year end. Credit Suisse, Deutsche Bank, Goldman Sachs, and Morgan Stanley raised year-end estimates this week. Adam Parker at Morgan Stanley says it is hard to see what causes a major market correction
READ MORE... →Salient to Investors: Jim O’Neill at Goldman Sachs says: China equities are very cheap and are the best place to be in 2013. Don’t expect draconian tightening in China as inflation last year was way below their target and the government has been careful not to stimulate economy too much and are doing a good
READ MORE... →Salient to Investors: Jim O’Neill at Goldman Sachs Asset Mgmt sees 1575 on the S&P 500 in 2013 but to go above 1600 would require US economic growth to rise to ridiculously strong levels of 4 percent or more. O’Neill sees a trading range for the S&P 500 of 1,500 to
READ MORE... →Salient to Investors: Investors sold $5.4 billion of gold ETFs in February, the most since their creation in 2003. Credit Suisse and Barclays say the 12-year gold rally will peak in 2013. Credit Suisse said gold is significantly overvalued and unlikely to return to its September 2011 record of $1,921.15.
READ MORE... →Salient to Investors: Copper analysts are the most bullish in 5 weeks on optimism the global economy is strengthening versus hedge funds the most bearish since August. Goldman Sachs recommended buying copper for a 16 percent gain to $9000 in 6 months as China copper imports increase. Barclays says China
READ MORE... →Salient to Investors: Neil Jones at Mizuho Corporate Bank said people are looking to buy the dollar against the most vulnerable currencies, currently the pound and yen. Jones cited much uncertainty about the U.K. economic outlook. Scott Thiel at BlackRock said it sold the Pound after the Bank of England left
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