Ratings Ratio Worst Since 2009 as Profits Slow: Credit Markets – Bloomberg 06-26-13

Salient to Investors: Corporate creditworthiness in the US is deteriorating at the fastest pace since 2009 with earnings growth slowing as yields rise from record lows. Moody’s said the ratio of upgrades to downgrades fell to 0.89 times in the first 5 months of the year after reaching a post-crisis

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WTI Crude Rises on Speculation Fed to Keep Stimulus – Bloomberg 06-26-13

Salient to Investors: John Kilduff at Again Capital said the terrible GDP number gives the Fed room to continue QE and there won’t be a tapering anytime soon. balance these Read the full article at http://www.bloomberg.com/news/2013-06-26/wti-crude-rises-on-speculation-fed-to-keep-stimulus.html Click here to receive free and immediate email alerts of the latest forecasts.

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Bernanke Was Clear, Fed’s Crystal Ball Is Cloudy – Bloomberg 06-26-13

Salient to Investors: Caroline Baum writes: The Wall Street Journal’s Jon Hilsenrath is widely viewed as Bernanke’s unofficial spokesman. Bernanke was crystal clear when he communicated the Fed’s objectives. The rise in interest rates can be easily overwhelmed by better earnings as a result of stronger growth, so if the Fed’s optimistic

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Don’t Panic as Bond Market Ship Not Sinking, Pimco’s Gross Says – Bloomberg 06-26-13

Salient to Investors: Bill Gross at Pimco said: Bond yields and risk spreads were too low 2 months ago and global markets that were too leveraged are now reducing risk The Fed tilted over-risked investors to one side of an overloaded and over-levered boat when discussing tapering, so don’t panic.

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