Salient to Investors: Bill Gross at Pimco raised Treasuries holdings to 39 percent in April, the highest level since July 2010, and warned that investors face potential losses from global central banks’ unprecedented monetary stimulus. Gross said Treasuries are a better alternative than cash, and negative real interest rates, inflation, currency
READ MORE... →Salient to Investors: Hedge funds et al increased bets on a gold rally by the most in 3 weeks, while short contracts fell 9.2 percent, the most since March 19, though short holdings are still more than triple the average since 2006, when data begins. Net-bullish wagers across 18 US-traded raw
READ MORE... →Salient to Investors: Mohamed El-Erian at Pimco said the inherent momentum of the US economy is still weak so the Fed may increase its efforts to support the economy following a meeting tomorrow by changing the narrative away from the Fed taking its foot off the accelerator. Kei Katayama at Daiwa SB Investments is below
READ MORE... →Salient to Investors: Arne Rasmussen at Danske Bank said the outlook for the UK economy and the pound are bad and today’s jobs data is disappointing. Rasmussen says investors should not underestimate the possibility the BOE will act aggressively to support growth, and expects the pound to fall much further. Mike Amey
READ MORE... →Salient to Investors: Bill Gross at Pimco said: He raised Treasury holdings to 33 percent of assets in March, the highest level since July 2012, and lowered mortgage holdings to 33 percent, the lowest level since August 2011. cash advance businessespayday loans in la Japan’s unprecedented purchase program may force investors into
READ MORE... →Salient to Investors: Bill Gross at Pimco said: The economy will grow no more than 2 percent in 2013 even with one or two quarters of faster growth. A 2 percent new normal economy is the best we can expect. The impact of energy and housing will be limited to one or two quarters at
READ MORE... →Salient to Investors: Mark Kiesel at Pimco said: US industries tied to housing will grow 4 times as fast as the economy, making them top picks for investors. Housing starts will increase 15 percent a year until at least 2015 Home prices will rise over 5 percent annually as demand recovers from the worst
READ MORE... →Salient to Investors: Mohamed El-Erian at Pimco said: Europe may contract 1 percent to 1.5 percent in the next 12 months with the private sector starved for credit and austerity policies limiting growth. Ireland’s first sale of 10-yr government bonds since its 2010 bailout is a sign of the gradual healing in Europe’s financial
READ MORE... →Salient to Investors: Peter Sorrentino at Huntington Asset Advisors is positive on commodities going forward as investors are pumping in money and growth expectations for China are starting to rise. Nic Johnson at Pimco said the rally will continue in 2013 on improving growth prospects, which should reinforce inflows . Copper traders are the
READ MORE... →Salient to Investors: The world’s biggest investors are moving away from allocating money to government bond markets based on their amount of debt – a preference that has favored the largest borrowers for three decades. Allocations of bond funds based on GDP are still a small part of the total. Indexes based
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