S&P 500 Climbs to 5-Year High as Treasuries Erase Drop – Bloomberg 01-04-13

Salient to Investors:

Joseph Tanious at JPMorgan Funds said the jobs report shows the labor market is healing very slowly, so not so good that the Fed might pull out of QE.

Deutsche Bank said supply chain movements suggest iPhone and iPad production may be declining.

Mohamed El-Erian at Pimco said 7.8 percent unemployment shows we still have an unemployment problem and the Fed will still be engaged.

Read the full article at http://www.bloomberg.com/news/2013-01-04/dollar-gains-on-fed-as-japan-stocks-jump-in-first-2013-session.html.

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