Earnings Don’t Matter! December 06, 2017

By Knowledge Leaders Team in Knowledge Leaders

Our long-time readers are familiar with the work of Professor Baruch Lev of the NYU Stern School of Business, whose research forms the basis for the Knowledge Leaders investment strategy. In his decades-long study of financial records, Lev first discovered a link between a firm’s…

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Cash is an Asset Class Again! November 30, 2017

By Steven Vannelli, CFA in Economy, Markets, Portfolio Management

In a US Dollar bull market with interest rates at zero, cash is rightfully dismissed as a non-asset class. But, when the US Dollar is in a bear cycle, things change, irrespective of what US interest rates are. There are a handful of indicators we…

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The Low Level of the VIX Isn’t a Mystery November 30, 2017

By Bryce Coward, CFA in Markets

The drop in the VIX to ultra-low levels in 2017 has been a point of consternation for market participants and largely misunderstood. Some market participants view the low level of the VIX as an indication of excessively positive sentiment among investors and thus a contrary…

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Bitcoin: What It Is And What It Isn’t November 29, 2017

By Bryce Coward, CFA in Markets, News

Bitcoin has garnered much mainstream media coverage in recent months which is the natural reaction to its meteoric ten-fold rise this year. The digital currency’s rise to about $11,000 today was met with awe, and then it quickly fell by 20% in a matter of…

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The Fundamental Case for Japanese Stocks November 15, 2017

By Bryce Coward, CFA in Markets, Portfolio Management

We’ve been arguing for the last year that US-based investors would be well served to overweight foreign versus domestic equities. In this post we’ll dig into that topic a little deeper to try to convey a few of the company specific fundamental drivers of our…

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