Anatomy of a Panic Selloff February 28, 2020

By Bryce Coward, CFA in Markets

Anyone reading this post already knows that palpable panic has set into equity markets over recent days. We present these charts to highlight the extreme nature of the selloff so far, and as a reminder of the rarity of these events. In times like this,…

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Mid-Quarter Update: Prognosis Negative February 28, 2020

By Steven Vannelli, CFA in Markets, News

Widespread underperformance of Dow Jones Industrial Average stocks is a significant negative indicator for US stocks in our view. In this special report, we present charts of the 30 Dow stocks relative to long-duration US treasury bonds and gold for the last five years. Spoiler:…

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Ready for Action? February 24, 2020

By Steven Vannelli, CFA in Economy, Markets, News

Former Fed Governor and now professor at the University of Rochester, Narayana Kocherlakota penned the following short opinion piece in Bloomberg this morning: Fed Shouldn’t Wait to Cut Interest Rates: Narayana Kocherlakota By Narayana Kocherlakota The world economy is facing a material risk in the…

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Where Innovation Hides – The Intangible Investor Podcast, Ep. 9 February 24, 2020

By Knowledge Leaders Team in Podcasts

Bryce joins Doug Heikkinen to talk about our mission at Knowledge Leaders Capital, and specifically how a 1974 accounting law enacted at the dawn of the information revolution is still at work today distorting corporate innovation investments, why that makes it difficult for investors to…

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What’s Behind the Breakout in Gold? February 20, 2020

By Bryce Coward, CFA in Economy, Markets

This week’s breakout in gold is an epic expression of our times in which potential economic problems are quickly followed by massive actual and expected responses by central banks and governments. The problem de jour (for both markets and the public) is of course the…

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A JOLT to Job Openings & Asset Expectations February 11, 2020

By Steven Vannelli, CFA in Economy

This morning the monthly job openings and labor turnover (JOLTS) report was released, and it came in significantly shy of expectations. While Bloomberg’s consensus estimate was for 6.925 million job openings, the actual number came in at 6.423. It is important to keep in mind…

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