Salient to Investors: Randy Bateman at Huntington Asset Mgmt said everybody is in a wait-and-see mode. The IMF said global growth will rise 3.3 percent in 2012, the slowest since 2009, and 3.6 percent in 2013, sees alarmingly high risks of a steeper slowdown, with a 1-in-6 chance of below 2 percent. US stocks
READ MORE... →Salient to Investors: David Gaud at Edmond de Rothschild Asset Mgmt said more and more central banks are easing monetary policy, and since bonds have been mostly held by global investors, it makes sense to start seeing spill-over into the equity side which as an asset class is very cheap on a relative basis – there is
READ MORE... →Salient to Investors: Homeowners, cities and companies are cutting borrowing, undermining the downgrading of the nation’s credit rating. Total indebtedness – including federal and state governments and consumers – is at 3.29 times GDP, the least since 2006 versus a peak of 3.59 four years ago. Private-sector borrowing is down by $4 trillion to
READ MORE... →Salient to Investors: Paul Joseph Garcia at BPI Asset Mgmt said any good news from Europe and China will be a buy signal for investors, and is overall net buying. IMF cut its global growth forecast this year to 3.3 percent, the slowest since the 2009 recession, sees alarmingly high risks of a steeper slowdown,
READ MORE... →Salient to Investors: Thomson Reuters says analysts expecting a 2.3% profit decline in the S&P 500 in Q3 versus 8.4% year-over-year growth in Q2. More than 20% of S&P 500 companies have pre-announced results – of which the vast majority offer negative outlooks. Bank of America Merrill Lynch is cautious on equities near term due to
READ MORE... →Salient to Investors: IMF says: Risks of a slowdown are alarmingly high primarily because of policy uncertainty in the US and Europe. Global growth will be 3.3 percent in 2012 and 3.6 percent in 2013, with a 15 percent chance of recession in the US in 2013, 25 percent in Japan, and
READ MORE... →Salient to Investors: Bruce Kasman at JPMorgan Chase said we are not seeing a further loss of momentum, a very important positive, and the said economy is expanding at a 2 percent rate. Kasman said the employment report suggests that weakness in capital spending is not broadening out to hiring. Confidence is growing at
READ MORE... →Salient to Investors: Markus Huber at ETX Capital said whenever China shares fall, German carmaker shares fall because China is one of the most important markets. The World Bank said growth in developing East Asia, which excludes Japan and India, will fall to 7.2 percent, the slowest pace since 2001, from 8.3 percent in
READ MORE... →Salient to Investors: Bloomberg survey of analysts shows they are most bullish on stocks farthest from their highs – banks. Financial institutions remain 58 percent below the record of February 2007 while analysts raised estimates for profit growth to 21 percent for Q3 and 32 percent for Q4 on signs of a housing recovery. Revenue
READ MORE... →Salient to Investors: Pratik Sharma at Atyant Capital said the dollar is keeping the gold market quiet. Read the full article at http://www.bloomberg.com/news/2012-10-08/gold-declines-with-commodities-before-european-ministers-meeting.html
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