Salient to Investors: Catherine Yeung at Fidelity Investment Mgmt is advising calm, adding that profits are rising and shares just got a lot less expensive as being a contrarian and buying when things seem bad is often a good thing. Goldman Sachs to AMP Capital Investors and JPMorgan Chase are
READ MORE... →Salient to Investors: Copper is heading for the longest losing streak since at least April 1986 on signs of weakening demand. Bill O’Neill at Logic Advisors said the supply demand equation is still leaning to the bearish side. Goldman Sachs said global supply will exceed demand by 385,000 tons this
READ MORE... →Salient to Investors: Gary Dugan at Coutts & Co. said the stronger yen is probably the main driver of the bigger declines in Japanese stocks, and investors are locking in profits as they back away from equities. Coutts said the yen halted its slide and started to strengthen, potentially curbing company profits. Sumitomo Mitsui
READ MORE... →Salient to Investors: Angus Gluskie at White Funds Mgmt said people are alert to some of the risks in China and some emerging economies, but very few people are concluding that it is going to run away too far. 51 percent of the 195 MSCI Asia Pacific Index companies reporting
READ MORE... →Salient to Investors: Jason Brady at Thornburg Investment Mgmt recently bought Treasuries as yields approached a 2-yr high of 3 percent. Brady said every single strategist decided towards the end of 2013 that stocks were the best thing in the world and bonds were the worst thing in the world
READ MORE... →Salient to Investors: The S&P 500 is down 4.1 percent in 2014, its worst start to a year since 2009. Of the S&P 500 companies: Almost 160 were below their 200-day moving average last week, more than any time in 2013 86 stocks set 1-yr highs when the index hit
READ MORE... →Salient to Investors: Investors are abandoning emerging economies, good and bad, for the US. Morgan Stanley said Brazil, Indonesia, India, South Africa and Turkey are the Fragile Five – all with large deficits, slowing growth and vulnerable currencies. Argentina is generally credited with starting the general panic after playing fast and
READ MORE... →Salient to Investors: Paul Krugman said weak emerging markets are the downside of the mad rush by investors for return in an economic environment that was very poor due to weak economic performance in developed markets. When the amount people want to save exceeds the volume of investments worth making
READ MORE... →Salient to Investors: The $50 billion Sochi Olympics is the largest construction project in Russia’s post-Soviet history and a microcosm of Russian corruption, inefficiencies, excesses of wealth and disregard for ordinary citizens. One member of the IOC thinks about a third of the $50 billion has been stolen. Russia is almost
READ MORE... →Salient to Investors: Advantages of ETFs Low cost. Active mutual funds charge upwards of 1.5% versus ETFs charge as low as 0.05%. The fees investors pay managers account for a third and up to half of their potential gain over the years. Simplicity. Buying and holding, then buying and selling
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