Salient to Investors: Sy Harding at Asset Mgmt Research Corporation writes: The four-year presidential cycle is a potential bad omen for the stock market in 2013 or 2014 or both – there is usually a market correction in the first 2 years of each presidential term, followed by recovery and
READ MORE... →Salient to Investors: Patrick J. O’Hare at Briefing.com writes: The stock market still has faith in the Fed as shown by the rebound in the face of higher interest rates, implying that the Fed will continue to help boost economic growth. The market’s obsession with monetary policy will continue. Expect Q2 GDP
READ MORE... →Salient to Investors: In Q1 2013, BRIC bonds, currencies, and stocks fell together for the first time since 2006. Since 2003, the MSCI BRIC Index has returned 227 percent, but is down 17 percent in 2013 and trailing the S&P 500 by the most since 1998. The MSCI BRIC Index
READ MORE... →Salient to Investors: Economists expect China to grow 7.5 percent in Q2 versus 7.7 percent in Q1, while cutting back on stimulus while pushing reforms is expected to lower China’s growth to the 6 percent range. payday loans direct lender instant approval Alaistair Chan at Moody’s Analytics said 2013 is
READ MORE... →Salient to Investors: Matthew C. Klein writes: Glass-Steagall 2 would do nothing to protect us from the devastation we recently experienced. The belief that the 1933 Glass-Steagal Act made the financial system safe and promoted decades of prosperity and that the 2007 crisis would never have happened if G-S had
READ MORE... →Salient to Investors: Jim Rogers writes: Things can stay below the cost of production for years. It takes a long time for people to believe they have to close their mines, which costs money. So any commodity can stay below the cost of production for a while. Read the full
READ MORE... →Salient to Investors: Matthew C. Klein writes: Hedge Fund Research says the S&P 500 index with dividends reinvested beat the average hedge fund over the past decade. There are always periods when certain asset classes did better than others. E.g., gold from the middle of 2001 increased by more than 600
READ MORE... →Salient to Investors: James Bullard at FRB St. Louis said the Fed should not taper until inflation accelerates toward its 2 percent target, and if inflation were to fall further it would have to rethink its strategy. Bullard says positive indicators include improving real-estate markets, rallying equity markets, a subdued European sovereign debt
READ MORE... →Salient to Investors: Christopher Sullivan at United Nations Federal Credit Union said Bernanke went out of his way to comfort and convince the markets that a reduction in QE is by no means to be regarded as a financial tightening, and that easing remains highly conditional. Fitch cut France’s credit ranking
READ MORE... →Salient to Investors: Acadametrics and LSL Property Services said prime property buyers are pouring money into London, helping increase UK house prices 2.5 percent from a year earlier to another record in June. Prices have increased for 10 consecutive months, driven by buoyant international demand for London homes and loosening mortgage availability. Acadametrics said house-price inflation in
READ MORE... →