Gavekal Capital

About the Author Gavekal Capital

Gavekal Capital identified the Knowledge Effect and created the first investment methodology to capture the excess returns of highly innovative companies. Gavekal Capital is creator and designer of the Gavekal Knowledge Leaders Strategy, indexes and investment products.

Bitcoin May Face Continued Pressure: Initial Target Price – $8,000

By Steven Vannelli, CFA Bitcoin prices have corrected severely in the last 48 hours. The newsflow suggests investors have concerns about increased regulation …

What Happens When the US Outperforms the Market?

By Eric Bush The US has outperformed the MSCI World Index by over 26% since the 3/9/2009 low while the rest of the …

Apple Inc. (AAPL) Is Rebounding Following Berkshire Hathaway Inc.’s (BRK.A) Purchase, But Here’s Why We Wouldn’t Bite

by Eric Bush, CFA Apple Inc. (NASDAQ:AAPL) is bouncing today on the news that Warren Buffet has invested $900 million in the company.

Another Macro Reason To Expect More Cyclical Underperformance

by Eric Bush, CFA Yesterday, Bryce correctly pointed out the tight relationship between interest rates and stock market leadership that has persisted for the past …

2015 and 2016 Selloffs Weren’t Nearly As Emotional As 2008 and 2011 Selloffs

by Bryce Coward, CFA Emotion in the stock market can be tough to quantitatively define. There isn’t a stock market metric that we have found …

The Market Is At An Inflection Point

By Eric Bush, CFA 2016 has been a rough year for health care as we have noted in several recent blog posts (see …

Biotech Outlook: Gilead Sciences, Inc. (GILD), Celgene Corporation (CELG), Amgen, Inc. (AMGN), Biogen Inc (BIIB), Regeneron Pharmaceuticals Inc (REGN)

Yesterday, Jennifer asked is Valeant Pharmaceuticals the proverbial canary in the coal mine for the pharma industry? She came to the conclusion that …

Breaking Down U.S Energy Valuations

It’s not breaking news to say its been a bad year for energy stocks but it might be breaking news that not all …

Wal-Mart Stores, Inc. (WMT): Intangible Perspective

By Eric Bush, CFA Wal-Mart Stores, Inc. (NYSE:WMT) has had a rough go of it lately as its stock price has fallen by over …

How to Invest in a Slowing China World

By Bryce Coward, CFA Yesterday we gave three reasons why the stabilization seen in China over the last several weeks is just a …