Salient to Investors: James Gaul at Boston Advisors said the short-term focus will be on whether earnings will be strong enough to push us higher. Michael Mullaney at Fiduciary Trust said many companies are lowering expectations on the hope that they beat them, does not know how much longer companies can get blood
READ MORE... →Salient to Investors: Gold has been below its 200-day moving average since February 11, the longest streak since the 8 months to March 2001. Last week, holdings in gold ETPs fell 25 percent since peaking in December to the lowest in more than 3 years. Clive Lambert at FuturesTechs.com said gold
READ MORE... →Salient to Investors: Columbia Management Investment Advisers says the term premium on Treasuries reached 0.46 percent this month, versus the 0.40 percent average in the decade before the 2007 financial crisis minus 0.5 percent as recently as May. Bond bulls say the highest inflation-adjusted yields since March 2011, the slowest pace of increases
READ MORE... →Salient to Investors: The MSCI China Index has gained 14 percent, including dividends, since July 1993 versus 452 percent for the S&P 500 Index, 322 percent for the MSCI Emerging Markets Index and 86 percent from US Treasuries. Only the MSCI Japan Index had a weaker performance among the 10 largest
READ MORE... →Salient to Investors: David Moenning at Heritage Capital Mgmt writes: Stocks are at all-time highs, and when stocks break to new all-time highs, it generally pays to buy the dips, not call a top. Why this market is rising is unknowable, so to catch the big moves early a trend-following
READ MORE... →Salient to Investors: Sy Harding at Asset Mgmt Research Corporation writes: The four-year presidential cycle is a potential bad omen for the stock market in 2013 or 2014 or both – there is usually a market correction in the first 2 years of each presidential term, followed by recovery and
READ MORE... →Salient to Investors: In Q1 2013, BRIC bonds, currencies, and stocks fell together for the first time since 2006. Since 2003, the MSCI BRIC Index has returned 227 percent, but is down 17 percent in 2013 and trailing the S&P 500 by the most since 1998. The MSCI BRIC Index
READ MORE... →Salient to Investors: Matthew C. Klein writes: Hedge Fund Research says the S&P 500 index with dividends reinvested beat the average hedge fund over the past decade. There are always periods when certain asset classes did better than others. E.g., gold from the middle of 2001 increased by more than 600
READ MORE... →Salient to Investors: Christopher Sullivan at United Nations Federal Credit Union said Bernanke went out of his way to comfort and convince the markets that a reduction in QE is by no means to be regarded as a financial tightening, and that easing remains highly conditional. Fitch cut France’s credit ranking
READ MORE... →Salient to Investors: Stephen Wood at Russell Investments says earnings will be the story of the week and the story of the month. Charles Plosser at FRB of Philadelphia said the Fed should begin tapering in September, while James Bullard of FRB of St. Louis said it should not cut back until inflation accelerates
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