Salient to Investors: Art Cashin at UBS said if investors don’t jump in based on the bullish market move, then traders will be looking for any trigger and start to worry about the sequester. Hogan said everybody’s looking for something to cause a pull back. Tom Lee at JP Morgan
READ MORE... →Salient to Investors: Paul Zemsky at ING Investment Mgmt sees much momentum for stocks even after such a good start to the year: earnings are strong, world economies are bottoming and valuations are attractive. EPFR Global report $39 billion moved into equity mutual funds in 2013, more than double the comparable period in
READ MORE... →Salient to Investors: Treasuries are trailing stocks by the most since October 2011. Hiromasa Nakamura at Mizuho Asset Mgmt said the current rise in yields is due to Fed easing, while investors expect money to go into riskier assets, and equity markets are rising. Bill Gross at Pimco said unprecedented central
READ MORE... →Salient to Investors: Markus Rosgen and Yue Hin Pong at Citigroup said stock funds attracted $18.8 billion last week versus $3 billion for bonds, with 58 percent of equity inflows going to North American funds. Pong said the outperformance of equities over bonds was mainly driven by US ETFs, while earnings
READ MORE... →Salient to Investors: EPFR Global said US equity funds took in a record $3.1 billion at the beginning of this year. The January rally is the biggest rally since 1987. William Stone at PNC Wealth Mgmt said Berkshire Hathaway’s interest in NYSE Euronext indicates Buffett is saying maybe things will turn around and volume will
READ MORE... →Salient to Investors: The lockstep moves in global stocks that dominated markets for the past 6 years are breaking down at the fastest rate on record, a sign investor confidence is finally returning from the financial crisis. Fidelity Worldwide Investment said diverging prices accompanied past rallies and is poised to
READ MORE... →Salient to Investors: Gina Martin Adams at Wells Fargo Securities says: Investors should go against the herd as the market is overbought and sentiment is at levels seen at peaks and tops, fundamentals are weak with economic data in January missing expectations, and there is consistent deceleration in earnings growth. Improving housing
READ MORE... →Salient to Investors: Laurentia Amica Darmawan at PT First State Investments Indonesia said the currency issue is the biggest risk factor in the foreseeable future for Asian companies, and will continue until we have clarity on how long global monetary easing will last. Credit Suisse lowered Turkish banks to neutral from
READ MORE... →Salient to Investors: Gary Cohn at Goldman Sachs said: He is bullish on global stock markets as investors shift money from bonds to equities as interest rates rise. The cause of rising interest rates, greater economic activity and growth, will be very positive for our business. Shares in top companies offer
READ MORE... →Salient to Investors: Commodity speculators increased net-long positions last week by the most since Nov. 27. Barclays says investors increased commodity holdings by $20.4 billion in 2012 versus $14.6 billion in 2011. Suki Cooper et al at Barclays said palladium will be the best performing precious metal in 2013 as supplies tighten and demand
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