Salient to Investors: Witold Bahrke at PFA Pension A/S said overall market sentiment is still driven by two forces: disappointing macro data and abundant liquidity – last week, liquidity won, this week, disappointing macro data seems to be the winner. The VIX moves in the opposite direction to the S&P 500 about 80
READ MORE... →Salient to Investors: 4 of the biggest stakeholders in untapped deposits known as the Utica Shale in Ohio have put up all or part of their acreage for sale, as prices fall by a third in some cases. The flip-flop underscores the difficulties faced by even experienced drillers around the world
READ MORE... →Salient to Investors: The growth of Internet shopping in Europe is luring investors to warehouses, where yields are beating showy storefronts and sleek offices amid a space shortage. Jones Lang LaSalle say Europe needs 296 million square feet of new distribution and storage warehouses in the next 5 years, 11 percent of
READ MORE... →Salient to Investors: Capitulating bears and overseas buyers are drowning out every other concern for American stocks. Bulls say U.S. shares are becoming less vulnerable to global shocks and will keep rallying as skepticism eases among professional investors. Bears say indiscriminate buying shows the rally is in its last stages
READ MORE... →Salient to Investors: Nader Naeimi at AMP Capital Investors said China is heading toward slower growth than in the past decade, which means less demand for commodities, and has reduced equity exposure in the short-term. Naeimi says the market needs to correct at least 10 percent. The MSCI Asia Pacific Index is at
READ MORE... →Salient to Investors: Brian Jacobsen at Wells Fargo Advantage Funds sees this as a buying opportunity – the sell-off is overdone, profits are growing which is the foundation for longer term of the overall equity markets. Paul Joseph Garcia at BPI Asset Mgmt said this could be a buying opportunity as strong
READ MORE... →Salient to Investors: The fall in the price of gold today was the worst one-day drop in 30 years. Miguel Perez-Santalla at BullionVault said there was one big seller at the COMEX opening on Friday, followed by a seller of 53,000 gold futures contracts on Sunday – unusual in that sellers
READ MORE... →Salient to Investors: Will Bertsch at BMO Capital Markets said all the sectors leading the market down are commodity-backed in some fashion, while today the sharp rise in ETF trading volume shows investors putting on hedges. Jeffrey Sica at SICA Wealth Mgmt said commodities can’t appreciate without China being strong
READ MORE... →Salient to Investors: The most important factor in gold’s decline is that global inflation is falling and gold bugs are scrambling to exit their gold positions at any price. The JPMorgan Chase global consumer price index shows global inflation peaked at 4 percent in 2011 and has fallen steadily since. JPMorgan’s main
READ MORE... →Salient to Investors: Calpers is 26 percent short of meeting its long-term commitments. The state and cities contributed $7.8 billion in the last fiscal year, almost 4 times more than a decade earlier. California taxpayers may see their municipal pension contributions rise as much as 50 percent under a plan
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