Salient to Investors: Money managers increased net-long positions on rising US oil prices to a nine-month high last week, in the longest weekly run of gains in records back to June 2006. John Kilduff at Again Capital says oil is in a bull market and headed for $100 or above. Miswin Mahesh
READ MORE... →Salient to Investors: Climbing home prices are lifting household wealth and boosting the purchasing power of consumers. Declining mortgage delinquencies and foreclosures are giving banks greater leeway to lend. Rising property-tax revenue is alleviating pressure on state and local governments to cut budgets. Mark Zandi at Moody’s Analytics said the housing
READ MORE... →Salient to Investors: JPMorgan Chase Private Bank put individuals and families with more than $5 million into a partnership that bought over 5,000 single family homes to rent in Florida, Arizona, Nevada and California. David Lyon at JPMorgan said investors can expect returns of up to 8 percent annually from rental income as well
READ MORE... →Salient to Investors: The NIESR said: Britain will grow more slowly in 2013 than previously forecast and stagnation may persist: 0.7 percent in 2013 and 1.5 percent in 2014. Britain is in its slowest post-recession recovery in 100 years and GDP won’t regain its previous peak until 2015. Net debt will
READ MORE... →Salient to Investors: Johnson Matthey said platinum output dropped 10 percent in 2012: auto catalysts account for 33 percent of global demand, and industrial applications account for 28 percent. James Cordier at Optionsellers.com said platinum fundamentals are very bullish as end-users rush to secure supplies. JPMorgan Chase said platinum and
READ MORE... →Salient to Investors: Goldman Sachs has been hired by the Russian government to burnish the nation’s image overseas and attract more institutional investors. Sergei Arsenyev at Goldman Sachs said valuations in Russia remain very attractive. Goldman Sachs has struggled to build a business in Russia. Lloyd Blankfein at Goldman Sachs said the world’s premier financial centers
READ MORE... →Salient to Investors: A plunge in US home listings to a 12-year low is driving up prices and many potential sellers are holding off until values rise more, while investors snatch up distressed properties before they reach the market. Builders can’t increase production fast enough. One home in Washington attracted 168
READ MORE... →Salient to Investors: Bruce Berkowitz at Fairholme Capital Mgmt said mutual funds are great vehicles but have rules that allow mutual fund holders to cash out anytime and puts his long-term investing style at a disadvantage, and hurts managers who favor concentrated positions. Berkowitz said he is prone to investing
READ MORE... →Salient to Investors: Steven Logan at Scottish Widows Investment Partnership said it’s not unhealthy for the bond market to have a reality check after a slightly chaotic spell of issuance with far too many transactions. Bill Gross at Pimco said investors should position for the end stage of a supernova credit explosion
READ MORE... →Salient to Investors: The MSCI World Index rose 5 percent in January, the most since 1994, on individual investor inflows, US profits, interest rates at record lows, and improving growth from Europe to China. The Index rose 6.4 percent at the start of 1994, and GDP increased 7.7 percent that year, and rose
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