“Admittedly, better hiring intentions are encouraging. Plus stock buyback activity has stepped up…with a 1,975 S&P 500 (INDEXSP:.INX) target by year-end 2014 as economic conditions improve this year, we remain generally constructive longer term while continuing to advise nearer-term tactical caution,” say Citi analysts Tobias Levkovich, Lorraine Schmitt and Christina Wood in their latest PULSE snapshot of US equities.
Caution could well be the operative word in the above statement.
With equity indices, as well as sentiment, at record highs, we note that bond funds at last reported a positive flow. Could this be the first leaf to fall?
Liquidity (the L of P-U-L-S-E) – bond funds breathe easier
ICI report that bond fund flows in the latest week ended January 8, 2014...
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