Salient to Investors: James Gaul at Boston Advisors said Fed liquidity is driving financial asset inflation. Read the full article at http://www.bloomberg.com/news/2013-01-03/buffett-like-icahn-reaping-tank-car-boom-from-shale-oil.html. Click here to receive free email alerts of articles as soon as they are posted.
READ MORE... →Salient to Investors: Jane Coffey at Royal London Asset Mgmt said we are not yet over fiscal cliff problems, but expects equities to produce good returns in 2013 and valuations aren’t stretched. Moody’s said the budget agreement won’t reduce the deficit enough to avoid a US downgrade, and the ratio of government debt to
READ MORE... →Salient to Investors: The MSCI All-Country World Index of equities increased 16.9 percent in 2012 including dividends, versus 0.1 percent for the S&P GSCI Total Return Index of 24 commodities, 0.5 percent for the US Dollar Index, and 5.73 percent for the Bank of America Merrill Lynch Global Broad Market Index. James Dunigan at PNC Wealth
READ MORE... →Salient to Investors: John-Paul Smith at Deutsche Bank said stocks in the major developing markets will again lag global equities in 2013 – China has focused on increasing the pool of buyers for Chinese assets, rather than boosting the role of free markets and privately run companies in the broader economy. Smith prefers cash to BRIC
READ MORE... →Salient to Investors: Laszlo Birinyi at Birinyi Associates expects the fourth and final stage of the bull market to take the S&P 500 to a record high in 2013, driven by capitulating bears, individual investors piling in, US housing continuing to expand, and markets rallying in Europe. Birinyi said this 4-year bull market resembles the bull markets in the
READ MORE... →Salient to Investors: Bill Gross at Pimco said: Stocks and bonds will return less than 5 percent in 2013 due to a sluggish economy as the effect of Fed stimulus diminishes Structural headwinds lower real GDP to below 2 percent in the US and other developed nations. Bernanke is not Rumpelstiltskin and can
READ MORE... →Salient to Investors: Economists expect the 10-yr Treasury yield to end 2013 at 2.17 percent. Bill Gross at Pimco expects Treasury 5-yr notes to yield 0.7 percent at the end of 2013 versus 0.72 percent today, and the dollar to decline and oil climb above $100 in 2013. Gross expects stocks
READ MORE... →Salient to Investors: Hiroyuki Ito at Goldman Sachs is bullish on Japanese stocks in 2013 due to the end of the yen strength that has hurt Japanese industry: likes Japanese machinery and electronics exporters, financial firms and electricity producers. Ito said Japan finally has a catalyst for the stock market to rise as the new
READ MORE... →Salient to Investors: Andy Ho at VinaCapital Investment Mgmt, Vietnam’s biggest fund manager, said the Vietnam stock market will rise steadily in 2013 to reflect an economic expansion of between 5 percent and 6 percent. Ho likes basic sectors that contribute to the growth of the domestic economies, like pharmaceuticals, education and agriculture.
READ MORE... →Salient to Investors: Indian policies to lure foreign investors are driving the nation’s largest money managers to buy automakers, property companies and metal producers that stand to benefit most from a recovery. Overseas investors bought a net $24.2 billion of Indian stocks in 2012, the most among 10 Asian markets excluding
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