Salient to Investors: Hedge funds reduced bets on a commodity rally by the most since 2008 on rising supplies of everything from copper to sugar and slowing US growth. Investors are betting on a decline in silver for the first time since data began in 2006, and have record bearish positions in copper
READ MORE... →Salient to Investors: Russ Koesterich of BlackRock sees an increased risk of a correction and the best performing sector the defensives are very expensive – this is a very different rally than what people are used to. Koesterich sold smaller companies on concern the US economy is not expanding fast enough. Valentijn Van Nieuwenhuijzen at
READ MORE... →Salient to Investors: Drew Matus at UBS Securities said the Fed will not repeat its error of the past 3 years and continue with QE through the summer, and having been fooled multiple times by slumps in the economy they will be gun-shy on the exit strategy. William C. Dudley at the New York
READ MORE... →Salient to Investors: Christopher Bellew at Jefferies Bache said we have seen the bottom in the oil price. Oil in New York has technical support along its 100-day moving average of $92.14 a barrel. Read the full article at http://www.bloomberg.com/news/2013-04-07/wti-rebounds-in-new-york-after-biggest-weekly-drop-in-six-months.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: Omar Aguilar at Charles Schwab Investment Mgmt said earnings clearly will drive a lot of volatility in the next two weeks as the consensus is for a pretty diverse and poor earnings season, but we’ll see many positive surprises. Analysts project S&P 500 profits fell 1.8 percent
READ MORE... →Salient to Investors: Peter Hayes at BlackRock said: Rising demand for munis is an opportunity to scale back on lower-rated municipal debt as a strengthening economy raises the prospect that interest rates will rise in 2013. When interest rates rise, investors will move back to higher-rated securities and away from speculative-grade munis. Buy munis
READ MORE... →Salient to Investors: Paul Ashworth at Capital Economics said: US overall net worth was 550 percent of GDP in 2011 versus official GDP of near $15 trillion and national debt of $16.8 trillion – not particularly egregious. Including US holdings of foreign bonds and cross-country holdings of other types of assets,
READ MORE... →Salient to Investors: William D. Cohan writes: Mary Schapiro, the former chairman of the SEC is joining a firm loaded with former government financial-services regulators. Schapiro previously ran FINRA, Wall Street’s self-appointed watchdog. Alan Blinder at Princeton is a co-founder of Promontory Interfinancial Network which offers Insured Cash Sweep, which splits large deposits into
READ MORE... →Salient to Investors: Canada, the 11th largest economy, is being hobbled by weak global demand. Avery Shenfeld at CIBC World Markets said the Canadian numbers show no silver lining whatsoever. Robert Kavcic at Bank of Montreal said as bad as the headline was, there was not much below the surface to make it better,
READ MORE... →Salient to Investors: BOE said rising equity markets don’t reflect the underlying economies and underestimates risks in the financial system. Potential threats to the financial system include the re-emergence of some elements of market behavior not seen since before the financial crisis, including a relaxation in some US credit markets of
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