Gavekal Capital: Last Week Copper Stole the Show, This Week it's Lumber's Turn

Tuesday, March 18, 2014

Last Week Copper Stole the Show, This Week it's Lumber's Turn

Copper made headlines last week as it plowed through multiple support areas to levels not seen since mid-2010. That move gave market watchers, including ourselves, pause since copper prices are an important leading economic indicator. Not to be outdone by copper, lumber prices are currently in free fall and are breaking important support levels as they head toward a 10% YTD decline. Lumber, like copper, is an important leading economic indicator since one of the primary uses of lumber is home construction.

About Gavekal Capital

Gavekal Capital is a US registered investment advisory firm that manages the Gavekal Knowledge Leaders Strategy. Knowledge Leaders are a group of the world’s leading innovators with deep reservoirs of intangible capital. These companies often possess competitive advantages such as strong brand, proprietary knowledge or a unique distribution mechanism. Knowledge Leaders are largely service-based and advanced manufacturing businesses, often operating globally. Gavekal Capital seeks to identify the world’s leading knowledge companies through a proprietary process that analyzes corporate knowledge investments.
We offer the Gavekal Knowledge Leaders Strategy in multiple products for global investors. For more information about our product offerings please visit http://www.gavekalcapital.com.
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