Salient to Investors: The market is bearish. Investor sentiment is unlikely to improve short-term as international concerns overshadow domestic ones. Brad McMillan at Commonwealth Financial said it will be another month or so before investor confidence bounces back, and if the S&P 500 falls to as low as 1,790 the likelihood for
READ MORE... →Don’t Worry About the Bull Market; Worry About the Dollar: Richard Bernstein – ThinkAdvisor 06-22-15
Salient to Investors: Richard Bernstein at Richard Bernstein Advisors writes: The bull market is intact. Markets rise after the Fed starts raising as earnings trump rising rates, and there is no end of cycle behavior, like excessive leverage or a big buildup in inventories except for energy. The MSCI European
READ MORE... →Salient to Investors: Barry Ritholtz writes: Rarely have conditions for market gains been so promising at a time when investor psychology has been so negative. Only 7% in a Gallup poll were aware of the S&P 500’s 30% increase in 2013, while more than 50% would put new cash into
READ MORE... →Salient to Investors: Todd Lowenstein at Highmark Capital Mgmt said people are selling out of fear in a market that is really acute to geopolitical risk, given current valuations. John Canally at LPL Financial said markets have to determine if this is an escalation of the conflict. 60 percent of
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: Tom Bowley at Invested Central/EarningsBeats.com writes: Market technicals have slowly deteriorated with the highly influential banking industry reversing hard last week with a long-term negative divergence present on its weekly chart. Longer-term momentum on the buy side is slowing. The latest rally in the S&P 500 actually
READ MORE... →Salient to Investors: Bloomberg poll: 27 percent say economic growth will increase, down from 39 percent 3 months ago, while 44 percent expect it to stay the same and 28 percent see it weakening. 25 percent said the US is on the right track, the lowest since September 2011, while
READ MORE... →Salient to Investors: Matthew C. Klein writes: The Wall Street Journal reports that well-to-do young Americans prefer to invest into “safe” luxury real estate rather than “risky” equities. The article could have been written in 2002 or 2003 before the housing bubble and bust. $100 invested at the market peak
READ MORE... →Salient to Investors: Street Authority writes: The AAII survey shows less than 20% of investors are bearish, the lowest reading in 18 months. Stocks tend to rally when the AAII survey finds few bullish investors. Technical indicators including momentum and not fundamental indicators like valuations and growth rates are driving the
READ MORE... →Salient to Investors: Bloomberg Global Poll: International investors are the most bullish on the US and Japanese markets in more than 3.5 years as both economies are seen to be improving. Over 40% will reduce gold exposure over the next 6 months, close to 3 times more than those who
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