Gavekal Capital: NYSE Margin Debt Keeps Making New Highs

Thursday, January 2, 2014

NYSE Margin Debt Keeps Making New Highs

NYSE released margin debt for November last week and it posted another new all-time high. However, the one-quarter moving average of margin debt as a percentage of total capitalization is still below the level it was at in April.

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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