Gavekal Capital: 20% Of European Stocks Are In Bear Market

Friday, August 15, 2014

20% Of European Stocks Are In Bear Market

The correction in Europe has been swift and broad. 20% of the MSCI Europe index are at least 20% off their 200-day high or put another way 20% of all European stocks are officially in a bear market. Almost two thirds of all European stocks are at least 10% of their 200-day highs. Finally, perhaps the most eye opening stat of all is nearly half of all European stocks are at least 10% lower than their 50-day high.

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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