Gavekal Capital: US Economy "Surprising" To The Downside Over The Last 7 Weeks

Friday, March 7, 2014

US Economy "Surprising" To The Downside Over The Last 7 Weeks

While the headline payroll number this morning beat consensus (a funky report overall that was obviously affected by weather), over the past seven weeks the economic reports out of the United States have been underwhelming to say the least judging by the Citi Economic Surprise Index. The Developed Markets index is now solidly negative for the first time since last summer as well. However, on a positive note, the Emerging Market index is near 2-year highs and is "plus" territory once again.

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.
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