Decline in Sentix Euro Break-Up Survey

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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 in the common currency (black line): Cyprus (in grey) was […]

The Knowledge Effect Leads to Excess Stock Returns

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 research and index results suggest there is an opportunity for […]

US House Prices At 7-Year Highs

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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.

Is the Fall in the EUR Overdone?

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Upwardly revised projections for growth as well as inflation (details available here), combined with stronger than expected macro data in the Euro Zone… …and fears of a bubble in bonds, as yields extend into negative territory further out on the maturity spectrum… …have raised questions regarding the possibility that the ECB could decide to temper