Salient to Investors: Matthew C. Klein writes: Bernanke suggested that the CPI probably overstates inflation. He is right if all we talking about is things we buy in stores and services. The problem is that most people also have to spend money on assets that they hope will provide for
READ MORE... →Salient to Investors: The median forecast for UK growth in Q2 is 0.6 percent versus 0.3 percent in Q1, led by services. A survey of 30 economists expects the UK economy expanded 1.4 percent from a year earlier. Ross Walker at RBS said consumer spending has held up and we
READ MORE... →Salient to Investors: Earnings: 73% of 103 S&P 500 companies so far reporting have beaten estimates 53% have beaten revenue estimates. 80% of S&P 500 financial companies have beaten estimates by an average of 8.7%. Banks and insurers are predicted to report earnings growth of 26% this quarter. Excluding financial
READ MORE... →Salient to Investors: Ioan Smith at KCG Europe said Bernanke in the end said nothing new. Henk Potts at Barclays continue to believe the US will lead the global economic recovery, saying the US corporate picture remains incredibly bright and recommends investors be overweight equities. Read the full article at http://www.bloomberg.com/news/2013-07-19/european-stocks-rally-for-fourth-week-on-china-bernanke.html
READ MORE... →Salient to Investors: 17 S&P 500 tech companies so far reporting have missed estimates by an average 3.6 percent. Analysts predict the group will report a 6.7 percent decline in profit versus a predicted 2 percent increase for the S&P 500 as a whole. 72 percent of S&P 500 members
READ MORE... →Salient to Investors: Jim Rogers writes: Most bull markets have lasted for two decades, or close to. Supply is not there yet, and if economies were to slow, Bernanke et al would print more money – the wrong thing to do but all they know. Read the full article at
READ MORE... →Salient to Investors: Nouriel Roubini writes: There is a huge gap between sentiment on Wall Street and main street. Read the full article at http://drnourielroubini.blogspot.com/2013/07/huge-gap-between-sentiment-on-wall.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: William Pesek writes: Japanese economists and cheerleading media now seem to realize they bought into Abenomics too hastily We are a long way from knowing if China Premier Li has the skill or political will to put China onto a more sustainable growth path, led by domestic
READ MORE... →Salient to Investors: A growing number of companies are offering financing to consumers with irregular incomes, damaged credit or past foreclosures as the housing market recovers and rising interest rates drive down demand for refinancing. Keith Gumbinger at HSH.com said at least a few lenders are starting to dig into the nooks and
READ MORE... →Salient to Investors: The Fed’s mixed messages on monetary policy are stoking volatility in the currency market, raising the odds that companies will have a harder time setting up exchange-rate hedges designed to protect overseas earnings. Ulrich Leuchtmann at Commerzbank said if a high-volatility environment were permanent it would cause problems when
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