Most stocks are down since the global equity markets peaked on 5/21/2015 (this goes without saying) and most stocks are down a lot. This puts a premium on solid active management and stock picking. But the sheer numbers are striking. Of the 2885 companies in our GKCI All Country World Index, fully 2383 (or 83%) of them […]
There’s not much to say except that the markets were quite oversold. We detailed the oversold condition on Tuesday and Wednesday and tried to make the case that a bounce was likely. It appears we’re getting just that as the oversold condition is combining with central bankers from all around the world hinting at a coordinated easing.
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 ET, Steve will host the first quarterly call on our […]
With 3 hours of trading left today the S&P 500 finds itself back at the same level it traded at two years ago and down about 15% from the May 2015 high. Scary as this sounds, with today’s action stocks will move further into oversold territory, which will increase the likelihood that this phase of […]
It’s common knowledge that the US dollar has been strong versus virtually every other currency over the last year. That is every other currency except the Japanese yen…the currency of the central bank that is printing money at the fastest rate in the world. It appears, money printing or not, that the yen is still […]
Before showing some rather unpleasant looking charts it’s important to keep in mind the following two items. First, the domestic Chinese stock market is still by an large closed to foreigners. Extremely large institutional investors can only purchase Chinese shares through convoluted means and then the sale of those shares takes an inordinate amount of […]
2015 was a year in which many investors were caught off guard by the continued slowing of Chinese growth and the commensurate shocks to the global financial system it created as the renminbi weakened, Chinese foreign exchange reserves declined further, and commodity prices accelerated to the downside. Towards the end of the year, boosted by […]