Economy

A Massive Liquidity Illusion March 06, 2017

Posted by Steven Vannelli, CFA in Economy, Markets

Since the election we’ve heard the rally in stocks characterized as a “Trump Trade” or a “reflation” trade. We think there is a really important element missing from this analysis that could change very quickly over the next several weeks. On March 16, 2017 (the…

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Post-election Market Update & Conference Call November 18, 2016

Posted by Knowledge Leaders Team in Economy, Markets, News

Today Chief Investment Officer Steven Vannelli, CFA, hosted a conference call to share the investment team’s analysis of the global equity and fixed income markets one week after the election. Click the link below to download the presentation. DOWNLOAD SLIDES A recording of the call will…

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China is Doubling Down on State Directed Growth May 16, 2016

Posted by Bryce Coward, CFA in Economy

Over the weekend we got the monthly slue of Chinese data around fixed asset investment, credit creation, retail sales, and industrial production. Generally speaking, the data was soft, with misses in all categories. But one data point continues to stand out to us as evidence…

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State of Affairs of the Chinese Corporate Sector – Part 1 May 02, 2016

Posted by Bryce Coward, CFA in Economy, Markets

The Chinese economic situation has been firmly out of the limelight for the better part of three months now as the country’s fiscal kitchen sinking has shown obvious signs of ramping into gear. If the world’s investors and economy watchers have breathed a collective sigh of…

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Quarterly Strategy Update April 27, 2016

Posted by Knowledge Leaders Team in Economy, Knowledge Leaders, Markets

This quarter, we explore the hypothesis that the modern era of Ricardian growth has ended. We further explore what this means for asset allocation and which types of stocks in particular should do well in this Ricardian hangover. Download our First Quarter 2016 Strategy &…

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