Salient to Investors: Ryan Larson at RBC Global Asset Mgmt (US) said the rally could end given few catalysts around but any pullback should be short-term provided central bank accommodation remains. The Dow recouped all its losses from the financial crisis in less than 65 months, more than a year faster than
READ MORE... →Salient to Investors: Jeffrey Kleintop at LPL Financial said: One year or more of gains lie ahead for US stocks if history is any guide. This bull market is the 7th to last at least four years since World War II, 4 of which ran for 5 years or more,
READ MORE... →Salient to Investors: Jeremy Grantham at Grantham Mayo Van Otterloo says: The US is muddling through reasonably well in the short-term, but long-term we are in a slowdown unappreciated by most economists – because they are not interested in the long-term. US growth won’t ever return to previous levels because
READ MORE... →Salient to Investors: Ex-trader Chris Arnade writes: The asymmetry in pay is the engine behind many of Wall Street’s mistakes and rewards short-term gains with disregard to long-term consequences. The result is over-reliance on excessive leverage, banks loaded up with opaque financial products, and flawed trading models. Wall Street’s pay
READ MORE... →Salient to Investors: Bespoke Investment and Bloomberg say short sales in the S&P Composite 1500 Index fell in February to the lowest in recorded data back to 2007 – the last time at this level saw the Index lose 3.3 percent over the next three months. Bulls say the capitulation by
READ MORE... →Salient to Investors: Kim Dae Young at KB Asset Mgmt said concerns about China’s recovery are prompting investors to take profits. The MSCI emerging-markets index is at 10.2 times projected 12-month earnings versus 13.2 times for the MSCI World. Benoit Anne at Societe Generale said there are more bears than bulls for the first time
READ MORE... →Salient to Investors: Ivo Weinoehrl at DWS Investments said the macro economic picture has improved a little, but no reason to get excited. Weinoehrl said sequestration will cut a half percent off growth in 2013, so the equity market is fully valued – the debt ceiling will be a much
READ MORE... →Salient to Investors: Jessada Sookdhis at CIMB-Principal Asset Mgmt said China is clearly recovering, especially in the property sector, while US data and Italian debt sales have bolstered sentiment in emerging markets. The MSCI Emerging Markets Index is at 10.5 times projected 12-month earnings versus 13.8 for the MSCI World Index. Martial
READ MORE... →Salient to Investors: Tim Schroeders at Pengana Capital said US housing is pretty good and is providing a huge catalyst to consumers via the wealth effect, so the buy-on-dips strategy is in play and we’re definitely pricing in a lot more good news in equities. The MSCI Asia Pacific Index is at 14.7 times
READ MORE... →Salient to Investors: 75 percent of the S&P 500 companies so far reporting quarterly results have beaten estimates. The S&P 500 is at 14.96 times reported earnings versus the average of 16.4 since 1954. Peter Nesvold at Jefferies says 2013 will be ‘The Year of Transports’. Read the full article at http://www.bloomberg.com/news/2013-02-27/u-s-stock-futures-fluctuate-before-home-sales-data.html Free email alerts
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