Wednesday, July 16, 2014

Lessons Learned:Mickelson at Royal Liverpool

I know that I can win the Open Championship;I know that I've done it,and that takes all of the pressure off me,said defending champion Phil Mickelson,44,at a press conference on Monday at Royal Liverpool Golf Club,England.While carrying the claret jug trophy around with me for a year,it was fun to see the faces of the people take a picture of the jug or take a sip out of it.*
As for this season,I'm just not discouraged or frustrated.I know I haven't played well,but the parts feel a lot better than the whole right now.I'm driving the ball with more confidence.I just haven't had the putter.It's not the frustration you would think,given the record that I've had.I actually feel better than I have in years.
Last week,my short irons started to come back.I believe that the next five years are gonna be some of the best of my years.
With regard to major wins,I know there's a finite amount of time.I'd like to create some more if possible,a relaxed Phil Mickelson told the media gathered before him.
The highly prestigious Open Championship begins Thursday morning.*
If fans should ask Mickelson for an autograph right after a round,he politely explains that he must sign his card first.

Wednesday, July 9, 2014

The Health of Markets:The View From Barclays

The US equity market is the market that we probably worry about most,said Jim McCormick,Barclays' Global Head of Asset Allocation.Valuations are starting to get stretched.Inflation is starting to be a problem.The truth is,inflation in the U.S. is picking up and is a trend likely to be sustained.If we are going to get a correction,the US equities are the most likely place.*
The message we have on emerging markets is,the macro picture is improving.Risk premia are higher than thery were a year ago.The asset calss we prefer is equities.We like Asia ex-Japan,Poland,India.The Indian budget is going to be very important.We're positive on India across the board.*
We've been increasingly bullish on commodities this year.Oil is attractive on all levels.If you look at the bottoms up on oil,it's been looking up for a long time,Mr.McCormick observed.