E.g., 22-09-2020
E.g., 22-09-2020
We have found 1664 results.
View by: Grid List
Sort by: Relevancy Date
  • Please login, request a trial or contact our sales team for more information

    Gavekal Research

    Asia’s Winners In The US-China Tech War

    The US government has stepped up its campaign against China’s leading technology companies, and already the measures against Huawei are taking effect. This threatens to severely disrupt global electronics supply chains, but creates opportunities for companies elsewhere in Asia. Vincent assesses who stands to benefit.

    1
  • Please login, request a trial or contact our sales team for more information

    Gavekal Research

    Webinar: Embattled India

    India has taken a bigger economic hit from the pandemic than any other major economy, exacerbating a slowdown that was already underway. In addition, India is engaged in a high-stakes standff with China over its Himalayan border, which may force an economic decoupling of the two countries.

    0
  • Please login, request a trial or contact our sales team for more information

    Gavekal Research

    The Challenge Of Valuing Gold

    Gold ranks as the ultimate “scarcity asset”, as its value is dictated not by its utility but because it is rare. Valuing such assets is tough as there is no “underlying value” to reference and prices are driven by the immediate supply and demand situation. Yet, in periods when both government budget deficits and monetary aggregates have rapidly grown, gold has historically outperformed—and it is doing so now.

    0
  • Please login, request a trial or contact our sales team for more information

    Gavekal Research

    Of Gold And Gold Miners

    In recent weeks, attention has focused on the surge, and subsequent correction, in US technology stocks. Yet an asset class that has greatly outperformed the Nasdaq 100 this year is gold-mining equities. In this piece, Charles seeks to develop firmer investment rules for managing gold and gold-mining stocks within a portfolio.

    3
  • Please login, request a trial or contact our sales team for more information

    Gavekal Research

    Webinar: From Bearish To (Conditionally) Bullish

    Anatole and Will presented their views on the efficacy of US fiscal and monetary policy in response to the Covid crisis, and outlined the prospects for the economy and asset markets.

    0
  • Please login, request a trial or contact our sales team for more information

    Gavekal Research

    Pained Tales From The Hills

    On Monday, for the first time since 1975, gunshots were fired on the disputed Himalayan border between India and China.Hundreds of incidents occur along the undemarcated Line of Actual Control every year, but this year’s skirmishes are the most dangerous for at least five decades.

    0
  • Please login, request a trial or contact our sales team for more information

    Gavekal Research

    India Macro Update: The Great Covid Crash

    India has taken a bigger economic hit from the pandemic than any other major economy. After reopening its economy in June, business activity is again weakening as the surging number of Covid-19 cases raises the chance of more localized restrictions. Udith and Tom evaluate the government's response and give a prognosis for the economy.

    0
  • Please login, request a trial or contact our sales team for more information

    Gavekal Research

    Webinar: Global Investment Roundtable (in French), Sept 2020

    In a turbulent economic environment, Louis sought to identify assets with “anti-fragile” qualities; Cedric deciphered the message from European markets; Didier Darcet refreshed refresh an old Gavekal framework with “Four Quadrants 2.0” and Charles moderated the discussion.

    0
  • Please login, request a trial or contact our sales team for more information

    Gavekal Research

    Desperately Seeking Anti-Fragility (Part II): In The Eye Of The Beholder

    Last month, Louis outlined the four asset classes that investors appear to regard as anti-fragile, now that US treasuries no longer fit the bill. With each of these four asset classes enjoying a roaring bull-run, today Louis examines the typical life cycle that lifts an asset class from unloved hell to anti-fragile heaven, and asks what could plunge the present favorites back down into the depths again.

    0
  • Please login, request a trial or contact our sales team for more information

    Gavekal Research

    Webinar: Global Investment Roundtable, September 2020

    Charles Gave, Louis Gave and Will Denyer joined Arthur Kroeber at the global investment roundtable to discuss what's going on in the global economy. Charles identified three big trends that will affect the investment environment in the long term, Will gave an in-dept update on the US economy, and Louis examined where to find assets with “anti-fragile” properties.

    0
  • Please login, request a trial or contact our sales team for more information

    Gavekal Research

    A Little Battler Soars Too High

    A weak US dollar is generally a boon for both global growth and asset prices, yet its recent fall has ruffled feathers. So spare a thought for the Reserve Bank of Australia, which is not only presiding over the country’s first recession in 30 years but is getting no help from its “little battler” currency, which has rocketed 27% against the US dollar since its March low.

    0
  • Please login, request a trial or contact our sales team for more information

    Gavekal Research

    Why I Was Right To Turn Bullish

    Two weeks ago, I wrote an article that tried to explain why I had abandoned the bearish view on equities. We will not know for a long time whether any of my explanations make sense, but Jerome Powell’s speech about the Federal Reserve’s new operating philosophy last week made me more confident about my assertion of a once-in-a-generation economic regime change.

    9
  • Please login, request a trial or contact our sales team for more information

    Gavekal Research

    Strategy Monthly: Eight Questions, 11 Answers

    With US equities once again at record highs and the Fed promising to keep rates nailed to the floor, it is time to ask hard questions of the bull market that won’t die. That interrogation is conducted by Charles and Louis Gave. In these strange times, the case for owning anti-fragile assets has rarely been stronger, they contend. Four stand out for having weathered the pandemic and should be treated seriously.

    0
  • Please login, request a trial or contact our sales team for more information

    Gavekal Research

    Video: Covid-19's Investment Implications For Asia

    Asia has handled the pandemic decently well and its solid macroeconomic fundamentals means it does not face any kind of solvency crisis. The problem for investors is that the growth outlook remains pretty grim, with limited prospects for a swift improvement. As a result, investors should stick with local currency bonds, which look well set in this environment.

    0
  • Please login, request a trial or contact our sales team for more information

    Gavekal Research

    The Model Pupil Still Has Problems

    Asia is seen as having had a “good” Covid-19 crisis, as it learnt vital lessons from the 2003 Sars outbreak and its policymakers have been typically more frugal than their Western peers.The problem with such generalizations, argue Udith and Vincent, is that they conceal huge discrepancies among countries.

    0
  • Please login, request a trial or contact our sales team for more information

    Gavekal Research

    The Perfect Asian Proxy

    The Federal Reserve’s new policy framework seems set to keep US monetary policy easier for longer, with the main victim being the dollar. Asian currencies now look well primed and the question for investors is how to play this trend given the very different experiences being had by regional economies. Fortunately, there is a simple answer: just buy the Singapore dollar.

    2
  • Please login, request a trial or contact our sales team for more information

    Gavekal Research

    Japan Drifts Toward Change

    This week Japanese prime minister Shinzo Abe went into hospital for medical tests, sparking fresh reports that he may soon step down on health grounds. Should Abe exit the scene it is unclear who will succeed him. If a leadership change becomes unavoidable, Abe will likely play a key role in anointing his successor, so there is unlikely to be a big shift in the “Abenomics” program anytime soon.

    0
  • Please login, request a trial or contact our sales team for more information

    Gavekal Research

    Keep Chasing Asian Yield

    As US equities brush up against new highs and safety assets like gold and treasuries sell off, global risk appetite has risen this week. Investors are betting that a vaccine for Covid-19 is at hand and if not, the world is at least learning to live with the virus. A potential beneficiary of this situation may be Asian bond markets, where quite decent yield can still be had.

    0
  • Please login, request a trial or contact our sales team for more information

    Gavekal Research

    Building A New System

    On Monday, Charles argued that developed economies’ moves to nationalize both the creation of money and the distribution of credit would degrade the unit-of-account function played by fiat currencies in many markets. Today, he outlines new monetary mechanisms that are likely to replace, or at least live alongside, fiat currencies.

    3
  • Please login, request a trial or contact our sales team for more information

    Gavekal Research

    Emerging Markets And The Dollar

    A weakening US dollar is usually an unalloyed positive for emerging markets, so it is no surprise that their assets have rallied since the March 23 bottom in global markets—equities are up 45%, while bonds (both US dollar and local currency-based indexes) have gained 20%. Happy days indeed, but the next stage of the EM rally is likely to be more exacting for investors.

    1
Show me: results