Salient to Investors: Anastasia Amoroso at JPMorgan Funds said any reduction in QE could be a slight drag in the short-term as the market is adjusting to rising rates and realizing rising rates do not mean the death of equities. Economists expect Fed tapering in September and US growth to have
READ MORE... →Salient to Investors: The Weitz Value and Weitz Partners Value funds each have cash stakes close to 30 percent. The Yacktman Focused fund has 19 percent in cash. The Westwood Income Opportunity fund has 16 percent in cash, The IVA Worldwide Fund has 28 percent in cash, the GoodHaven fund has 33 percent in cash. Morninstar
READ MORE... →Salient to Investors: Jim Rogers said: Agriculture will enjoy an extended boom,Very bullish about farmland and other agricultural products. Bearish on Wall Street brokers and Ivy League professors. The central corridor from north Texas up to the Dakotas has the highest growth rates in employment, income growth and savings in
READ MORE... →Salient to Investors: Matthew C. Klein writes: The Wall Street Journal reports that well-to-do young Americans prefer to invest into “safe” luxury real estate rather than “risky” equities. The article could have been written in 2002 or 2003 before the housing bubble and bust. $100 invested at the market peak
READ MORE... →Salient to Investors: Nouriel Roubini writes: QE is not creating credit for the real economy, but instead boosting leverage and risk-taking in financial markets. The issuance of risky junk bonds is increasing and the stock market is at new highs, despite the growth slowdown. Money is flowing to high-yielding emerging markets.
READ MORE... →Salient to Investors: Jeffrey Currie et al at Goldman Sachs said: They cut their 12-month commodity return forecast for the S&P GSCI Enhanced Commodity Index to 0.1 percent, maintained a neutral recommendation on raw materials, while precious metals and agricultural commodities may drop 8 percent and base metals will gain 6 percent.
READ MORE... →Salient to Investors: The S&P 500 Index’s advance to a record last week coincided with highs in the Russell 2000, the Dow Jones Transports, the S&P 500 Financials and Morgan Stanley’s gauge of economically sensitive equities. During the 4 biggest bull markets of the last 25 years, peaks in those indexes have come before the S&P
READ MORE... →Salient to Investors: Nouriel Roubini writes: Economic growth and earnings growth are slowing down, while both top and bottom lines are not what they were, though margins are high. The gravitational forces of a slowing economy will lead to a correction, but the levitational forces of QEs, zero policy rates,
READ MORE... →Salient to Investors: Nouriel Roubini writes: We have entered the ‘New Abnormal’ so investors should be prepared to be surprised – nothing has really come to rest. Read the full article at http://drnourielroubini.blogspot.com/2013/07/be-sure-your-seat-belt-is-securely.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: Earnings: 73% of 103 S&P 500 companies so far reporting have beaten estimates 53% have beaten revenue estimates. 80% of S&P 500 financial companies have beaten estimates by an average of 8.7%. Banks and insurers are predicted to report earnings growth of 26% this quarter. Excluding financial
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