Salient to Investors: Hedge funds using debt-trading strategies are expanding at a record pace as they profit from risks big banks are no longer taking. Roy Smith at NYU said regulators in the US and Europe want to transfer risk to the shadow-banking system and interferes capabilities of the large banks
READ MORE... →Salient to Investors: Americans are allocating a smaller share of their spending to investment-related fees since the recession, a sign they are still wary of returning to financial markets. Stuart Hoffman at PNC Financial Services said people are shying away from stocks since the recession and have not really re-engaged in
READ MORE... →Salient to Investors: Calpers market value exceeds the high set before the global financial crisis wiped out more than a third of its wealth, but is is still short $87 billion, or 26 percent, of meeting its long-term commitments. Calpers has half of its money in equities, and returned 13 percent
READ MORE... →Salient to Investors: Kenji Shiomura at Daiwa Securities said US housing starts are welcome after several disappointing economic reports, and today’s market advance is bigger than expected and investors on the sidelines are definitely looking to buy on dips. Ichiro Yamada at Fukoku Mutual Life Insurance said expectations for BOJ
READ MORE... →Salient to Investors: Laurence D. Fink at BlackRock said we have not seen any large major change in attitude in bonds are not seeing the same investor appetite for long-dated bonds, which will persist for some time. Fink sees no evidence of a large-scale rotation into stocks from bonds as global and high-yield
READ MORE... →Salient to Investors: Capitulating bears and overseas buyers are drowning out every other concern for American stocks. Bulls say U.S. shares are becoming less vulnerable to global shocks and will keep rallying as skepticism eases among professional investors. Bears say indiscriminate buying shows the rally is in its last stages
READ MORE... →Salient to Investors: Rex Macey at Wilmington Trust Investment Advisors said investors out of the market and the nervous are starting to feel it’s safe to go back in the water, that there is a recession around the corner. Macey expects earnings surprises to the upside. Ryan Larson at RBC Global Asset
READ MORE... →Salient to Investors: Hedge funds reduced bets on a commodity rally by the most since 2008 on rising supplies of everything from copper to sugar and slowing US growth. Investors are betting on a decline in silver for the first time since data began in 2006, and have record bearish positions in copper
READ MORE... →Salient to Investors: International investors bought more Treasuries in Q1 2013 than in any other start to a year since 2009. China has been buying Treasuries at the fastest pace since 2011. Wan-Chong Kung at Nuveen Asset Mgmt said the US is standing out as a place of relative growth, strength and
READ MORE... →Salient to Investors: InvesTech Research say it has been 18 months since the S&P 500 had a 10 percent correction. Leuthold Group said only 7 of the 22 bull runs since 1900 have lasted four years; of which 5 lasted at least an additional year. The 1920s bull rose 500 percent over
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