Salient to Investors: Ian Stannard at Morgan Stanley says the British pound’s subdued response to recent signs of UK growth points to declines to $1.45 by the end of Q3 and to $1.41 by the end of 2013. Stannard said the UK services sector is the most important part of the UK economy
READ MORE... →Salient to Investors: US companies are poised to post some of their weakest quarterly earnings reports in 4 years, in part due to a stronger dollar. The IMF cut its forecast for global growth in 2013 to 3.1 percent, and for the US to 1.7 percent. Analysts who reduced earnings forecasts
READ MORE... →Salient to Investors: Stephen Stanley at Pierpont Securities sees nothing on the economy side to have precipitated such a seismic shift in the Fed’s approach to QE. Stanley said QE was contributing to a market environment where people were taking too much risk, and the beginning of tapering in September is
READ MORE... →Salient to Investors: Investors say difficulty trading debt from fledgling markets is driving them away. Timo Boehm at Pimco said new markets, such as South Korea or Turkey, don’t have sufficient liquidity. Georg Grodzki at Legal & General Investment Mgmt said home loans used to support covered bonds vary across
READ MORE... →Salient to Investors: Louis Kuijs at RBS said the liquidity crunch has increased downside risks and estimates China will reduce aggregate credit by 1.8 trillion yuan in 2013, but as long as policy makers cushion the impact through fiscal and exchange-rate measures, the damage to the economy could be quite modest. Kuijs
READ MORE... →Salient to Investors: Half2 gold price gains averaged 1.3 percent in the bear market from 1981 to 2000, versus half 1 losses averaging 3.9 percent. Bernard Sin at MKS said the physical trend has always been very seasonal, as physical players are a different breed and always buy on the dip.
READ MORE... →Salient to Investors: Jim Rogers writes: Long bull markets always end in a bubble or mania. We have not seen a bubble in gold. Until recently, you would see “We buy gold” but signs “We sell gold” has not happened yet. Read the full article at http://www.jimrogers.info/2013_07_01_archive.html Click here to receive free and
READ MORE... →Salient to Investors: Share-price targets are rising at the fastest rate in two years. Bulls say the economy may gather enough momentum to expand on its own. Bears say price appreciation without profit gains shows declines are inevitable. Joseph Tanious at JPMorgan Funds says there’s a tight relationship between confidence
READ MORE... →Salient to Investors: Warren Buffett says chapters 8 and 20 of “The Intelligent Investor” have been the bedrock of his investing for more than 60 years, and recommends investors reread them every time the market has been especially strong or weak. Read the full article at http://warrenbuffetinvestment.blogspot.com/2013/07/warren-buffet-favorite-book-intelligent.html Click here to receive free
READ MORE... →Salient to Investors: Dennis Gartman writes: Understanding both market technicals and fundamentals is vital. When you both the technicals and the fundamentals are pointing in the same direction, you will probably succeed. Always look at “box”, which delineates the 50% to 62% retracement of the previous rally or big decline. Gold
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