Salient to Investors: Laszlo Birinyi at Birinyi Associates expects the fourth and final stage of the bull market to take the S&P 500 to a record high in 2013, driven by capitulating bears, individual investors piling in, US housing continuing to expand, and markets rallying in Europe. Birinyi said this 4-year bull market resembles the bull markets in the
READ MORE... →Salient to Investors: Hedge funds et al reduced net-long positions across 18 US futures and options last week to the lowest since June 19. Gold holdings reached a 4-month low, copper holding dropped for the first time in five weeks, and investors were the most bearish on natural gas since May. Walter Hellwig at BB&T
READ MORE... →Salient to Investors: The British pound advanced for the first time in 3 years against the dollar in 2012 and advance for the fourth year against the euro. The median analyst expects the pound to end 2013 at 79 pence per euro and at $1.60, and the 10-yr gilt yield to rise to 2.38
READ MORE... →Salient to Investors: Bill Gross at Pimco said: Stocks and bonds will return less than 5 percent in 2013 due to a sluggish economy as the effect of Fed stimulus diminishes Structural headwinds lower real GDP to below 2 percent in the US and other developed nations. Bernanke is not Rumpelstiltskin and can
READ MORE... →Salient to Investors: Economists expect the 10-yr Treasury yield to end 2013 at 2.17 percent. Bill Gross at Pimco expects Treasury 5-yr notes to yield 0.7 percent at the end of 2013 versus 0.72 percent today, and the dollar to decline and oil climb above $100 in 2013. Gross expects stocks
READ MORE... →Salient to Investors: Fears a year ago of break-up of the euro zone and bank disasters did not happen. The S&P 500 gained 13 percent for the year. Stand outs were financial and consumer discretionary stocks, while health care and consumer staples were the only sectors in the US and Europe
READ MORE... →Salient to Investors: At the current pace, the US population will grow by 7.3 percent during the decade, the lowest level since the 1930s. William Frey at Brookings said mountain states in the West were among the fastest-growing places. Read the full article at http://www.bloomberg.com/news/2012-12-31/u-s-on-pace-for-slowest-decade-of-population-growth-since-1930s.html. Click here to receive free email alerts of articles as soon as they
READ MORE... →Salient to Investors: Ryan Sweet at Moody’s Analytics said businesses are worried but not panicked, and expects much stronger employment gains in half2 2013. Read the full article at http://www.bloomberg.com/news/2012-12-30/job-market-probably-held-gains-in-december-u-s-economy-preview.html Click here to receive free email alerts of articles as soon as they are posted.
READ MORE... →Salient to Investors: Hiroyuki Ito at Goldman Sachs is bullish on Japanese stocks in 2013 due to the end of the yen strength that has hurt Japanese industry: likes Japanese machinery and electronics exporters, financial firms and electricity producers. Ito said Japan finally has a catalyst for the stock market to rise as the new
READ MORE... →Salient to Investors: Andy Ho at VinaCapital Investment Mgmt, Vietnam’s biggest fund manager, said the Vietnam stock market will rise steadily in 2013 to reflect an economic expansion of between 5 percent and 6 percent. Ho likes basic sectors that contribute to the growth of the domestic economies, like pharmaceuticals, education and agriculture.
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