Salient to Investors: James Dailey at TEAM Financial Asset Mgmt said the gold bugs have been obliterated because the perception about the global economy has changed, and people are moving to riskier assets. Michael Gayed at Pension Partners said the implication is that the Fed is planning to step back – not good
READ MORE... →Salient to Investors: The Bloomberg National Poll: 43 percent expect job growth to rise over the next 12 months, 26 percent expect a decline, and 30 percent expect little change. 37 percent expect a stronger economy, 25 percent disagree, 37 percent expect little change. 32 percent expect their financial security
READ MORE... →Salient to Investors: Brian Barish at Cambiar Investors said it doesn’t take much imagination to know where the next potential source of weakness or worry is going to be – when the Fed steps back from QE. 71 percent of the 413 S&P 500 companies so far reporting have exceeded profit estimates, 66
READ MORE... →Salient to Investors: Dave Lutz at Stifel Nicolaus said a mini perfect storm hit commodities today: rumors of a fund blowing up, gold below $1,600, and oil storage tanks in Cushing at near all-time records. Read the full article at http://www.bloomberg.com/news/2013-02-20/commodities-tumble-on-speculation-hedge-fund-selling-positions.html Free email alerts of articles as soon as they are posted.
READ MORE... →Salient to Investors: David Einhorn said long positions exceeded shorts 29 percent as of Jan. 31 versus 39 percent on Jan 1, 2013, and has become less enthusiastic as the market rises while the US has slowed – GDP went negative in Q4 2012 and earnings growth has come to a virtual
READ MORE... →Salient to Investors: Aaron Kohli at BNP Paribas said that until the economy improves, the Fed will err on the side of easing. Bill Gross at Pimco said the Fed minutes suggest continued Fed purchases are at risk if the economy improves. Will Tseng at Mirae Asset cites bearish momentum in the Treasury market as
READ MORE... →Salient to Investors: Matthew Sherwood at Perpetual Investments said the Fed is very nervous about continuing QE – if they say they have to wind down before labor stabilizes, one of the key supports will be taken away from the market. The MSCI Asia Pacific Index is at 14.9 times
READ MORE... →Salient to Investors: Michael Hanson at Bank of America said a gradual reduction in Fed purchases may win the FOMC’s support because it gives policy makers flexibility, and the minutes show tapering is a likely outcome at some point in the future. Hanson said tapering the purchases allows the Fed to calibrate
READ MORE... →Salient to Investors: Michael T. Snyder writes: The US economy is slowing down – freight volumes and expenditures are way down, consumer confidence is down sharply, major retail chains are closing hundreds of stores, the sequester threatens to bring austerity. gas prices are rising rapidly, corporate insiders are dumping massive
READ MORE... →Salient to Investors: Jim Rogers says: Central bank printing unlimited amounts of money is spreading even to Japan and Germany and Europe and has never been good for anyone. Printing money is artificial and ends eventually. Germany will have a lot of good news ahead so that Merkel can win
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