Gavekal Capital: We're Back to a Macro Driven Market Over the Last Week

Thursday, December 12, 2013

We're Back to a Macro Driven Market Over the Last Week

After a short reprieve in which fundamental factors drove market returns, the last week has been all about the macro. Macro factors (and specifically stocks' correlation with the euro) filled 4 out of the top 5 spots in our factor scoring work. This would seem to coincide well with US monetary policy bring front and center ahead of next week's big taper/no taper decision.

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