• Products
    • ETF
    • Mutual Fund
    • Managed Accounts
  • Indexes
    • Knowledge Leaders
  • Research
  • Blog
  • About Us
  • Contact

Knowledge Leaders Capital Blog

Knowledge Leaders Strategy

Navigation

  • All
  • Markets
  • Economy
  • Knowledge Leaders
  • Portfolio Management
  • News

Inflation Expectations & Relative Performance

April 14, 2015 by Knowledge Leaders Team in

Economy

5ccb3a2757724a3e8bd9730471149090

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.

Read More

How Much Lower Can The 30-Year Treasury Yield Go?

April 13, 2015 by Knowledge Leaders Team in

Economy

dce6fcf9d64441de9bb828b0aca43d9d

Three weeks ago we mentioned how Fed assets were finally declining on a quarterly basis. Since then we have had a few more data points released and the trend is still downward.

Read More

Where Positive Economic Surprises Are (And Aren’t) Happening

April 10, 2015 by Knowledge Leaders Team in

Economy

a1e0c84dc02e4ecab4f9ec6b20fb61da

There is a geographic disparity amongst the Citi Economic Surprise Index. Economies, both developed and emerging, are surprising to the upside in Asia and Europe while economies in the western hemisphere are not doing as well (at least in terms of meeting and exceeding expectations). Below we show some of the more interesting charts.

Read More

Ahead Of The FOMC Minutes: Fed Funds Rate Expectations Continue To Nose-Dive

April 8, 2015 by Knowledge Leaders Team in

Economy

464803f9b26d43ed8c658b34e53916fb

Not even a month ago, we wrote about how it looked like the market was pricing in two rate hikes in 2015 and four in 2016. Well, apparently a lot has changed (at least regarding expectations) since then.

Read More

US Bond Update: High Yield Bonds and Equities Still Haven’t Converged and Corporate Yields At Historic Lows

April 8, 2015 by Knowledge Leaders Team in

Economy

64298c27ea0c4b9e94df9208c2b25e46

The spread between junk bonds and 10-year treasury on 6/23/14 hit a very narrow 222 basis points. At that time, the S&P 500 was trading at 1962. Since then the junk bond spread widened to over 5% in December and currently stands at 415 basis points.

Read More

$20 Billion Jump In Margin Debt In February

March 30, 2015 by Knowledge Leaders Team in

Economy

a7637266ef7b479aa24c52596bd0f69e

NYSE margin debt increased by $20 billion in February. The one-month change is the largest change in 8 months. Margin debt is at the second highest level of all time and it currently stands just $787 million below the all-time high set in February 2014. 

Read More

Assets At US Fed Are (Finally) Declining

March 23, 2015 by Knowledge Leaders Team in

Economy

857edfc6531a4ff5a904f0364a9566c5

Throughout QE3, one of our favorite charts to look at was the three-month change in total fed assets. You could overlay this series with bonds or stocks or other economic indicators and find some interesting relationship.

Read More

From 5-Years To 30-Years, TIPS Implied Inflation Expectations Are Under 2%

March 23, 2015 by Knowledge Leaders Team in

Economy

f7c6290ba9394b1388a35a382559a020

Inflation is falling and so are inflation expectations. We and the majority of the rest of the financial community have been highlighting this for most of 2015.

Read More

The Other “Most Crowded” Trade is (Still) to Short Long-term Treasury Bonds

March 19, 2015 by Knowledge Leaders Team in

Economy

f39cce238d0f4409aa9c2a9552b9876b

In a nutshell, we are absolutely amazed at the amount of pain endured by speculators who are short long-term treasury bonds.

Read More

Why Not Just Buy The US 5-Year Treasury?

March 19, 2015 by Knowledge Leaders Team in

Economy

0cf519689fa74350b34eda5fd6b5e392

The collapse in yields around the developed world is startling. For fun, we wanted to see how many 5-year or longer dated government bonds are currently yielding less than the US 5-year on-the-run treasury bond (which is down 23 bps YTD itself).

Read More
← Previous 1 … 15 16 17 … 19 Next →

Subscribe to Email Updates

By submitting this form you acknowledge our privacy/data collection policy.
Learn more about how we capture the Knowledge Effect in our investment process.
  • Most Popular
  • The Credit Markets Have Stalled
  • A New Year, New Expectations in the US Treasury Market
  • The Employment Report is Not All It’s Cracked up to Be
  • Currency Markets & Knightian Uncertainty
  • What Does a Humped Yield Curve Mean for Future Stock Market Returns

Comments

Please click here to submit a comment or question to our investment team.

Archives

  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013

Disclosures

The information presented here is for informational purposes only, and is not to be construed as an offer to sell, or the solicitation of an offer to buy, securities. Some investments are not suitable for all investors, and there can be no assurance that any investment strategy will be successful. Hyperlinks may be included in this message that provide direct access to other internet resources, including web sites. While we believe these links are to reliable sources, Knowledge Leaders Capital has no control over the accuracy or content of information contained on these sites. Although we make every effort to ensure such links are accurate, up to date and relevant, we have no control over pages maintained by external providers. The views expressed by these external providers on their own web pages or on external sites they link to are not necessarily those of Knowledge Leaders Capital.

The information listed on this blog is for example purposes only and should not be construed as the investment Advisor’s opinion or investment outlook. As of the most recent quarter end, the named companies may have been held by the investment Advisor. For full information including additional policies and full disclosures on the Advisor, please visit our website KnowledgeLeadersCapital.com.

An investor cannot invest directly in an index. Any reference to Index performance does not represent the performance of any investment product offered by Knowledge Leaders Capital, LLC. The performance of client account may vary from the Index performance. Index returns shown are not reflective of actual investor performance nor do they reflect fees and expenses applicable to investing. The Index data is the property of Knowledge Leaders Capital, LLC, which has contracted with SolactiveAG to calculate and maintain the indexes.

The launch date of the Knowledge Leaders Knowledge Leaders Developed World Index (Bloomberg ticker KNLGX is 7/1/14 and the base date of the index calculation is 3/31/2000. The launch date of the Knowledge Leaders Emerging Markets Index (Bloomberg ticker KNLGEX) is 9/2/14 and the base date of the index calculation is 4/1/2005. The launch date of the Knowledge Leaders International Index (Bloomberg ticker KNLGINX) is 8/15/16 and the base date of the index calculation is 3/31/2000. The launch date of the Knowledge Leaders United States Index (Bloomberg ticker KNLGUSX) is 8/15/16 and the base date of the index calculation is 3/31/2000. The launch date of the Knowledge Leaders Developed World ADR Index (Bloomberg ticker KNLGAX) is 9/13/16 and the base date of the index calculation is 3/31/2000. The launch date of the Knowledge Leaders International ADR Index (Bloomberg ticker KNLGINAX) is 8/30/16 and the base date of the index calculation is 3/31/2000.

The returns of the Index prior to the launch date are based on applying the rules in effect as of the launch date retroactively to historical periods to and including the base date. Results are not based on an Index that was maintained in real time. The pre-inception performance results of the Index are hypothetical returns which have been compiled by Knowledge Leaders Capital. The performance results are based upon a hypothetical model. Hypothetical performance results may have inherent limitations, some of which are described below. No representation is being made that any account did or was likely to achieve profits or losses similar to those shown. One of the limitations of hypothetical performance results is that they are prepared with the benefit of hindsight. There are numerous other factors related to the markets in general or to the implementation of any specific trading strategy which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results. These returns should not be considered as indicative of the skills of the investment adviser.To obtain additional index methodology and constituent components, please visit KnowledgeLeadersCapital.com.