Decline in Sentix Euro Break-Up Survey


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


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?


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