Counter Cyclicals Tag

Copper, Oil and Cyclicals All Turning Lower Right on Cue

30 Mar, by Bryce Coward, CFA in Markets

The impressive rallies of late in the industrial commodities could be nearing their end. Both copper and oil are bumping up against substantial resistance at their own 200-day moving averages that have acted to put a lid on previous rallies. Meanwhile, and not coincidentally, the...

Inflation Expectations & Relative Performance

14 Apr, by Knowledge Leaders Team in Economy

For about six weeks, between the middle of January and the first week of March, inflation expectations embedded in the US Treasury market bounced after declining for the second half of 2014....

Don’t Be Fooled: Counter-Cyclical Stocks Still Outperforming

03 Mar, by Knowledge Leaders Team in Markets

This year, especially in February, there has been something of a cyclical bounce in the developed country stock markets. Since the beginning of the year, counter-cyclical stocks have underperformed cyclical stocks by 75 basis points in the MSCI World Index....

Emerging Market Intangibles

15 Jan, by Knowledge Leaders Team in Markets

Considering our focus on investing in the most intangible-rich companies in the world, it is no surprise that we follow investments in intellectual property very closely.  Unsurprisingly, corporations in developed countries invest more in R&D, advertising, and firm-specific resources than their emerging market counterparts....

European Pharmaceuticals Continue Outperformance, Remain Tres Cher

25 Jul, by Knowledge Leaders Team in Uncategorized

As discussed in yesterday’s quarterly investor call (see here for a recap), the counter-cyclicals (and the growth counter-cyclicals, in particular) are currently the most attractive group in MSCI Europe.  Regular readers know that one of our favorite, knowledge-rich, heavy r&d investing groups is the Pharmaceutical...