News

Author Q&A with Bloomberg TV’s ETF Expert Eric Balchunas May 11, 2016

Posted by Knowledge Leaders Team in News

In our most recent book club selection — The Institutional ETF Toolbox — Author Eric Balchunas outlines what investors need to know about the changing landscape of investment products in a fast-moving format that makes this book well worth any investor’s valuable time. Balchunas quotes…

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This week: Quarterly Conference Calls January 20, 2016

Posted 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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US Corporate Profit Margins Are Coming Back Down To Earth May 29, 2015

Posted by Knowledge Leaders Team in News

Today wasn’t the best day for US economic releases. The 2nd revision of 1Q GDP was (unsurprisingly) revised down from 0.2% to -0.7%. The release that caught our eye, however, was the initial release of corporate profits in the US for the first quarter. After-tax…

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Decline in Sentix Euro Break-Up Survey May 27, 2015

Posted by Knowledge Leaders Team in News

The 1,000 or so participants in Sentix’s monthly survey of whether or not a country will leave the euro collectively decided that the risk has subsided (slightly): The decline to 41% (from nearly 50% in April) was mostly attributable to risks related to Greece’s membership…

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San Francisco Real Estate Is 75% Above Housing Crisis Lows May 26, 2015

Posted by Knowledge Leaders Team in News

The latest (March) Case-Shiller Home Price Index was released this morning and there were several noteworthy data points in the report. First, our 3-month diffusion index that measures the number of cities where prices are higher now than they were three months ago increased by…

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The Knowledge Effect Leads to Excess Stock Returns May 08, 2015

Posted by Knowledge Leaders Team in Knowledge Leaders, News

In a new white paper released today, we identify a stock market anomaly. The Knowledge Effect is the tendency of highly innovative companies to deliver excess returns for investors. Academic researchers first discovered an association between a firm’s knowledge capital and its stock performance. Our…

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Revisions Have Improved But Can It Last? April 24, 2015

Posted by Knowledge Leaders Team in Markets, News

The percent of stocks in the MSCI World Index that have had positive EPS revisions compared to six months ago currently stands at 45%. Over the past 7+ years, the average level of this statistic is 56%.

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Potential Trend Change In American Driving Habits April 10, 2015

Posted by Knowledge Leaders Team in News

The second half of 2014 and the first month of 2015 (latest data available) shows a significant increase in total miles driven and total miles driven per capita. Total miles driven on an annual basis has reached an all-time high. The 2.12% year-over-year change is the largest YoY change in nearly 10-years (Feb 2005).

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No Need To Take A Flyer On Canadian Banks April 07, 2015

Posted by Knowledge Leaders Team in News

USD based investors should be wary of Canadian banks.  Canadian banks have taken a beating in 2015 and the near-term trend doesn’t look to be abating anytime soon. The average USD performance of a Canadian bank year-to-date is a ”correction” worthy -13%.

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US House Prices At 7-Year Highs April 07, 2015

Posted by Knowledge Leaders Team in News

Corelogic’s home price index came out this morning and showed that home prices across the board, including and excluding distressed sales, are at a 7-year high in the US. Single-family combined homes including distressed sales rose by 1.12% MoM in March. Excluding distressed sales, it rose by 1.45% MoM.

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United Internet: At a Technical Crossroads April 06, 2015

Posted by Knowledge Leaders Team in News

With European markets still closed today, there is very little in the way of company news.  One item that caught our eye, however, was an analyst upgrade (from ’Reduce’ to ’Add’) for United Internet, the German Internet Software & Services company.

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