Salient to Investors: Soichiro Monji at Daiwa SB Investments said selling is feeding into more selling on underlying concern about the Fed’s early exit. Angus Gluskie at White Funds Management said it is difficult for the market to keep rallying as further moves from Japanese equities need to be fundamentally driven. Ng Soo Nam
READ MORE... →Salient to Investors: Mark Matthews at Bank Julius Baer said the bull market will resume because of compelling fundamentals. Eisuke Sakakibara said Japanese equities had risen too much, too fast, especially financial stocks, and needed a correction before resuming their climb. J. Kyle Bass at Hayman Advisors said selling from JGB investors has overwhelmed
READ MORE... →Salient to Investors: Barry Knapp at Barclays predicts the Fed will maintain its current rate of asset purchases into 2014, as the labor market is again the Fed’s focus. Knapp said an improving labor market rather than accelerating inflation made the Fed end its last 3 easings – May 1983, February 1994, Feb-to-August, 2004. In
READ MORE... →Salient to Investors: Bloomberg Global Poll: International investors are the most bullish on the US and Japanese markets in more than 3.5 years as both economies are seen to be improving. Over 40% will reduce gold exposure over the next 6 months, close to 3 times more than those who
READ MORE... →Salient to Investors: Tomomi Yamashita at Shinkin Asset Mgmt said earnings overall are not bad, but some share prices got way ahead of themselves triggering profit taking, while tech is a hard spot and needs to do more capital investment but are waiting for an improvement in the economy. The Topix
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: Ryota Sakagami at SMBC Nikko Securities said the Japanese stock market is on the verge of a bubble as the BOJ and the government work to push up asset prices. Sakagami said the BOJ indicates it will act if the market were to fall so do not expect a correction.
READ MORE... →Salient to Investors: Masahiro Koshiba at United Managers Japan said investors who had written off Japan are finally starting to take a look at it again. David Baran at Symphony Financial there is a lot of idle cash looking for what has not performed and is still cheap. Farhan Mumtaz
READ MORE... →Salient to Investors: Jay Pelosky at 2Z Advisory says investors should focus first on where there is flexibility by policy makers, and the best places to invest in order are: Japan has twin engines of fiscal and monetary policy. UK government has made it clear they will not move off austerity but
READ MORE... →Salient to Investors: Grace Tam at JPMorgan Asset Mgmt said nobody knows what will happen next, but Cyprus is something we have already seen happening in Europe, so are not concerned. The MSCI Asia Pacific Index is at 14.9 times estimated earnings versus 14.1 for the S&P 500 and 12.7 for the Stoxx
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