Salient to Investors: Profits are moving U.S. equity prices the most since the bull market began 3 1/2 years ago. Profits exceeded estimates by 4.5 percent on average in Q2 versus 6.2 percent in Q1. Chris Hyzy of U.S. Trust predicts S&P 500 profits will reach $100 a share in 2012 versus the $103.1 average
READ MORE... →Salient to Investors: Bets on rising gold prices rose to the highest since March. Combined bets on 18 U.S. commodities is still near the highest in 15 months. Dan Denbow at USAA Precious Metals & Minerals Fund said putting more money into the economy is always good news for gold James Dailey at TEAM
READ MORE... →Salient to Investors: September is the only month to drop on average since the 1920s. S&P 500 companies are headed for record earnings in 2012 but Q2 earnings were the weakest in three years. Analysts expect 2012 earnings of $103.18, down from $105.27 at the start of the year: expect 2013 earnings at
READ MORE... →Salient to Investors: EC Harris estimates luxury home builders will complete more than 15,000 houses and apartments in London over the next decade on overseas demand; says the pipeline is unprecedented. Knight Frank say home prices in London’s most expensive areas are up 49 percent since the March 2009 low, up 14 percent from the previous peak in
READ MORE... →Salient to Investors: William Pesek predicts the Asia-Pacific Economic Cooperation summit will end in disappointment. The paucity of accomplishments over the last two decades shows it to be too disparate economically, geographically and ideologically. Brunei, Chile, Russia, the U.S. and Vietnam share a widening income gap Read the full article at http://www.bloomberg.com/news/2012-09-03/cheesy-group-photos-symbolize-economic-paralysis.html
READ MORE... →Salient to Investors: Courts outside the U.S. tend to discount jury verdicts because they lack legal reasoning typically included in judges’ rulings. Peter-Michael Weisse at the Wildanger law firm said the farther away you get from Europe, the less influence foreign rulings have. John Swinson at King & Wood Mallesons said the
READ MORE... →Salient to Investors: South Africa’s mine violence is the worst since the end of apartheid in 1994 caused by one of the world’s biggest wealth gaps – worse than Honduras and the Central African Republic. 60 percent of black South Africans live in poverty and 28 percent are jobless. Professor Dirk Kotze at the
READ MORE... →Salient to Investors: Commodities beat equities, bonds and the dollar for a second consecutive month, the longest streak in more than a year, showing investors expect policy makers to succeed in stimulating growth. More than two-dozen nations cut market interest rates this year. China has slowed for six quarters. Bill O’Neill at Merrill
READ MORE... →Salient to Investors: Moody’s cut the EU’s outlook to negative on risks to Germany, France, the U.K. and the Netherlands from the euro-area debt crisis. It sees deterioration in the creditworthiness of EU member states and a weakening of the commitment of the member states to the EU. Read the full article
READ MORE... →Salient to Investors: Profits are moving U.S. equity prices more than any time since the bull market began 3 1/2 years ago. Bloomberg data show: S&P 500 companies rose or fell an average of 4.4 percent the day after releasing results since July. Daily swings in the index narrowed to 0.4
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