Blog

There’s not much to say except that the markets were quite oversold. We detailed the oversold condition on Tuesday and Wednesday and tried to make the case that a bounce was likely. It appears we’re getting just that as the oversold condition is combining with central bankers from…

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This week: Quarterly Conference Calls January 20, 2016

By Knowledge Leaders Team in Knowledge Leaders, News

Portfolio Manager Steve Vannelli will host two quarterly conference calls to update investors on recent performance and outlook for the Gavekal Knowledge Leaders investment products. A US mutual fund call will take place tomorrow, January 21 at 4:15pm ET. On Friday, January 22 at 2pm…

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Chinese Stocks Break Years-long Critical Support Line January 15, 2016

By Bryce Coward, CFA in Economy, Markets

Before showing some rather unpleasant looking charts it’s important to keep in mind the following two items. First, the domestic Chinese stock market is still by an large closed to foreigners. Extremely large institutional investors can only purchase Chinese shares through convoluted means and then…

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2016 China Outlook in Charts: More Slowing Ahead January 11, 2016

By Bryce Coward, CFA in Economy, Markets

2015 was a year in which many investors were caught off guard by the continued slowing of Chinese growth and the commensurate shocks to the global financial system it created as the renminbi weakened, Chinese foreign exchange reserves declined further, and commodity prices accelerated to…

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The Average Stock is Just Shy of Being in a Bear Market December 16, 2015

By Bryce Coward, CFA in Markets

As of today’s closing the S&P 500 index is quite literally in spitting distance of its all-time high as the markets cheered the first rate hike in a decade. Yet, as we noted here and here, most stocks are not quite acting as ebullient as…

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China Keeping the Dream Alive with Government Spending December 14, 2015

By Bryce Coward, CFA in Economy

Reported central government spending in China, which is likely only a fraction of the actual level of state directed spending in the economy, has recently shot up to a new all-time high just as the reported economic growth rate has plunged to a low not…

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