U.S. Stocks Fall on IMF Outlook, Warning on Stimulus Exit – Bloomberg 06-14-13

Salient to Investors:

The IMF lowered its US growth forecast for 2014 to 2.7 percent, maintained 2014 at 1.9 percent, and said the Fed will maintain QE until at least the end of 2013.

Bryan Novak at Astor Asset Mgmt said interest rates need to rise, but with growth is around 2 percent there is not a lot margin of error to work with.

Eric Thorne at Bryn Mawr Trust said the Fed is unlikely to step in with any kind of potential damper, and while the fundamentals are improving, the markets have improved so much and quickly that we may need to see some sideways movement in the market before the next major uptrend.

Read the full article at http://www.bloomberg.com/news/2013-06-14/u-s-stock-futures-little-changed-before-data.html

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