Salient to Investors:
Carla Ann Harris at Morgan Stanley said people have been hiring for a few quarters and caution with respect to payrolls is starting to evaporate, so expect a faster pace towards growth.
Ryan Larson at RBC Global Asset Mgmt (US) said the question is whether the employment numbers were too good, too fast for the Fed – we continue to live by the Fed, die by the Fed.
Mary Ann Bartels at Bank of America said the S&P 500 may climb to 1600 in 2013 as breadth widens and recommends buying on any pullback of maybe up to 15 percent. Bartels says the market is strong as more sectors and stocks are breaking out of the 10-year trading range than she has ever seen.
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