Salient to Investors: Adam Johnson writes: The drumbeat against China’s ability to grow has been relentless despite more economic data over the past month beating forecasts than has fallen short. China’s retail sales so far in 2013 have risen by almost 13 percent, meeting economist forecasts. The iShares China Large-Cap ETF has fallen
READ MORE... →Salient to Investors: Louise Yamada at Technical Research Advisors said steeply declining monthly momentum and moving-average signals indicate gold may resume a slump as the parabolic stop-and-reverse system and the 10-month moving average below the 20-month measure remain intact after the rally. Yamada said gold may near the 34-month low of $1,179.40
READ MORE... →Salient to Investors: Roelof-Jan van den Akker at ING said the S&P 500 Index may fall as much as 8.7 percent to support around 1,540 after climbing to the upper limit of its rising channel, followed by other markets.Van den Akker said the S&P 500 will then rebound. Read the full article at
READ MORE... →Salient to Investors: MacNeil Curry at Bank of America said any close for the Dollar Index above its pivot point of 82.41 would be a good sign that we have a base in place and a larger bull trend can resume. Curry said the diamond-top pattern in the euro says that its
READ MORE... →Salient to Investors: Zeng Xianzhao at Everbright Securities said investors are getting mixed signals on the property market and the uncertainty over real-estate policies is dragging the industry lower which in turn is pulling the main index down. Zeng said there is still uncertainty about the strength of the economy. Rhee Chang Yong
READ MORE... →Salient to Investors: James A. Kostohryz writes: Stock valuations are currently within or even slightly above a broad range that could be considered “normal” and not at bubble levels, but unprecedented levels of excess liquidity, declining liquidity preference, and a number of fundamental, technical and psychological indicators strongly indicate a bubble is forming. Probabilities favor
READ MORE... →Salient to Investors: Michael Vogelzang at Boston Advisors said the tone from central banks is that the economy is a little better but not yet at escape velocity without monetary support, and as long as there is strong accommodative policy, the market can go up a lot, driven by Fed
READ MORE... →Salient to Investors: Money managers are betting that bond funds that are unconstrained by duration, strategy or region will attract money as interest rates rise and investors shift assets from traditional fixed-income offerings, which are limited in how they can react to falling bond markets. Unconstrained funds generally can increase in value
READ MORE... →Salient to Investors: Matt Busigin writes: Corporate profits are going to be weak over the next decade, but it won’t matter very much to assets, and even be beneficial to labor. Consensus analyst estimates call for S&P 500 EPS in 2014 of over $123, 20% above the present value. Corporate
READ MORE... →Salient to Investors: Anastasia Amoroso at JPMorgan Funds said any reduction in QE could be a slight drag in the short-term as the market is adjusting to rising rates and realizing rising rates do not mean the death of equities. Economists expect Fed tapering in September and US growth to have
READ MORE... →