Salient to Investors: Americans are allocating a smaller share of their spending to investment-related fees since the recession, a sign they are still wary of returning to financial markets. Stuart Hoffman at PNC Financial Services said people are shying away from stocks since the recession and have not really re-engaged in
READ MORE... →Salient to Investors: Rex Macey at Wilmington Trust Investment Advisors said investors out of the market and the nervous are starting to feel it’s safe to go back in the water, that there is a recession around the corner. Macey expects earnings surprises to the upside. Ryan Larson at RBC Global Asset
READ MORE... →Salient to Investors: Robert Lutts at Cabot Money Mgmt the underlying support for the labor market is driven by housing and potentially construction finally returning. Lutts said QE and lower interest rates are finally having an impact as signalled by the stock market. Troy Logan at Warren Financial Service said employment has stabilized – key is
READ MORE... →Salient to Investors: The Bloomberg National Poll: 43 percent expect job growth to rise over the next 12 months, 26 percent expect a decline, and 30 percent expect little change. 37 percent expect a stronger economy, 25 percent disagree, 37 percent expect little change. 32 percent expect their financial security
READ MORE... →Salient to Investors: Art Cashin at UBS said if investors don’t jump in based on the bullish market move, then traders will be looking for any trigger and start to worry about the sequester. Hogan said everybody’s looking for something to cause a pull back. Tom Lee at JP Morgan
READ MORE... →Salient to Investors: Mitch Tuchman at MarketRiders writes: Google Trends shows people are getting interested in stocks again, and the market rally has unleashed media stories about small investors getting back into equities. Stocks were never safe, nor will be. The bond market implies all kinds of risks that most
READ MORE... →Salient to Investors: Mike Ryan at UBS Wealth Mgmt Americas said 76% of 2,056 wealthy investors surveyed are very worried about Washington, 33% are worried by volatility, Europe, and financial markets, and 36% have faith the government will accomplish more in 2013. Ryan said the investors were neither euphoric nor despondent – 56%
READ MORE... →Salient to Investors: In a Bloomberg poll: 38 percent say the US is on the right track, the best reading since September 2009, while 55 percent say the US is on the wrong track. 48 percent approve of Obama’s handling of the economy, 48 percent disapprove. 31 percent expect a better year
READ MORE... →Salient to Investors: Pat Dorsey at Sanibel Captiva Investment Advisers said Greece leaving the euro would not be a big deal to a portfolio of largely multinational large caps. Dorsey said the uncertainty and worry is a big investment positive – its dangerous to invest is when everybody is certain and confident about the future: a la Yahoo! in
READ MORE... →Salient to Investors: Graham Bishop at Exane BNP Paribas said equities will advance in 2013 as investors who missed this year’s gains try to chase the rally, driven by a reversal of investor pessimism, near-zero US interest rates, accelerating economic growth, and favorable market valuations. Bishop said this phase of the cycle supports a strong
READ MORE... →