Salient to Investors: Ioan Smith at KCG Europe said Bernanke in the end said nothing new. Henk Potts at Barclays continue to believe the US will lead the global economic recovery, saying the US corporate picture remains incredibly bright and recommends investors be overweight equities. Read the full article at http://www.bloomberg.com/news/2013-07-19/european-stocks-rally-for-fourth-week-on-china-bernanke.html
READ MORE... →Salient to Investors: 17 S&P 500 tech companies so far reporting have missed estimates by an average 3.6 percent. Analysts predict the group will report a 6.7 percent decline in profit versus a predicted 2 percent increase for the S&P 500 as a whole. 72 percent of S&P 500 members
READ MORE... →Salient to Investors: Nouriel Roubini writes: There is a huge gap between sentiment on Wall Street and main street. Read the full article at http://drnourielroubini.blogspot.com/2013/07/huge-gap-between-sentiment-on-wall.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: Rick Fier at Conifer Securities said Bernanke’s message that tapering is coming, the economy is improving, and rates will be low for a time is taking hold in the market, and with better than expected initial jobless claims and OK earnings its hard not to be bullish. The S&P
READ MORE... →Salient to Investors: Jeremy Siegel at Wharton said: The start of tapering in September is already baked into bond and stocks prices and won’t stop stocks rising to between Dow 16,000 and 17,000 by year-end and 17,000 or more in 2014 as long as earnings continue to beat expectations at
READ MORE... →Salient to Investors: Matthew Crews at Smith Patrick Financial Advisors writes: The combination of a high CAPE valuation and above-trend earnings is bearish. Either earnings growth will rebound, or more likely market valuations will compress. The market expects a strong rebound in earnings in half2, 2013. More likely is downward
READ MORE... →Salient to Investors: Street Authority writes: The AAII survey shows less than 20% of investors are bearish, the lowest reading in 18 months. Stocks tend to rally when the AAII survey finds few bullish investors. Technical indicators including momentum and not fundamental indicators like valuations and growth rates are driving the
READ MORE... →Salient to Investors: Argutori writes: The financial markets are due for a correction. Volatility in the financial markets will spike before the end of 2013 because: Volatility can’t go much lower. Historically, when the VIX has dropped below 15 the S&P 500 tends to fall as well. Over the past
READ MORE... →Salient to Investors: James Gaul at Boston Advisors said the short-term focus will be on whether earnings will be strong enough to push us higher. Michael Mullaney at Fiduciary Trust said many companies are lowering expectations on the hope that they beat them, does not know how much longer companies can get blood
READ MORE... →Salient to Investors: Gary Shilling writes: The fog remains thick, so reducing long positions in Treasury bonds and Japanese stocks and cut yen shorts, euro shorts and dollar long positions. Maintaining long positions in US defensive stocks like utilities and health care. Increased short position in junk bonds and initiated
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