Founder and Strategist, Entext Economics & Strategy

Sean Maher

Founder and Strategist

Entext Economics & Strategy

Entext provides institutional investors with distinctive, actionable asset allocation and thematic research, which typically challenges the market consensus. Our clients range from credit, equity and multi-asset hedge and pension funds to family offices and sovereign funds. 
 
We focus on identifying key inflection points in macro data and relative asset performance amid the 'groupthink'  and confirmation bias that characterizes most investment bank analysis.

Macro Driven Investment Insight

Macroeconomics

<ul>
<li>The Fed has reiterated its tightening path, despite pleas from EM central bankers and warnings from Ben Bernanke that the US economy is heading ‘over a cliff’ in 2020.</li>
<li>The ECB’s new forecasts are tilting toward stagflation and a single rate hike in H2 next year - nonetheless, the end of asset purchases added to Fed QT further tightens global liquidity.</li>
<li>A rising political risk premium and scramble for offshore USD funding is hitting LatAm hardest so far, with local equities lagging Asia by 14ppts…</li>
</ul>


The Fed has reiterated its tightening path, despite pleas from EM central bankers and warnings from Ben Bernanke that the US economy is heading ‘over a cliff’ in 2020.
The ECB’s new forecasts are tilting toward stagflation and a single rate hike in H2 next year - nonetheless, the end of asset purchases added to Fed QT further tightens global liquidity.
A rising political risk premium and scramble for offshore USD funding is hitting LatAm hardest so far, with local equities lagging Asia by 14ppts…


Fed Ignores EM Pain, as Dollar Rally Accelerates…

Equity Analyst - Technology & Healthcare

Norm Kumar

Pennock Idea Hub

We are creators of independent equity research. The Pennock Idea Hub team are veterans of the investment industry. Much of our team has spent their careers at Merrill Lynch, Deutsche Bank, RBC Capital Markets and Wood Gundy. We have taken every aspect of research back to the studs and returned to first principles. The Pennock Idea Hub marries the interests of the sell and buy side. 

We offer the best research for institutional investors by:

-Only publishing research from veteran analysts
-Eliminate the inherent conflicts of the traditional sell and buy side relationship
-Ensure our team is always accessible; collaboration with clients nurtures our collective success

Cross-Asset & Quantitative Research

Thematic (Sector/Industry)

A review of some of the latest news involving artificial intelligence, with a particular focus on items that potentially affect public companies. In this issue, we look at whether Apple's new AI programming tools (Core ML2 and Create ML) will help it gain market share in smartphones.  Also, we discuss Alibaba's major investment into logistics as swell as their testing of solid-state LIDAR in robo-delivery vehicles. Finally, there is a brief overview of articles ranging from autonomous vehicles to data centres and much more.

A review of some of the latest news involving artificial intelligence, with a particular focus on items that potentially affect public companies. In this issue, we look at whether Apple's new AI programming tools (Core ML2 and Create ML) will help it gain market share in smartphones.  Also, we discuss Alibaba's major investment into logistics as swell as their testing of solid-state LIDAR in robo-delivery vehicles. Finally, there is a brief overview of articles ranging from autonomous vehicles to data centres and much more. 

Apple Hopes New Tools Will Help It Dominate Smartphone Based AI: AI Readings

Investment Advisors, JL Warren Capital

Junheng Li

Investment Advisors

JL Warren Capital

JL Warren Capital LLC is a leading independent equity research firm focused on Chinese companies and listed multinationals in China. We employ a bottom-up research approach that takes great care to avoid the acquisition of material non-public information. Through investigative due diligence including channel surveys and interviews, our research helps clients to pinpoint the dislocations in the market.

Equity Bottom-Up

Sunny Optical Technology Group / Equity Bottom-Up

This note is to update clients with our market checks on <a href="https://www.smartkarma.com/entities/666" target="_blank" data-smartkarma-citation="entities:666:1">Apple Inc (AAPL US)</a> iPhone builds and shipments, the timetables of new model launches in September and the latest Android models to be launched by Xiaomi and Huawei, the two leading Chinese smartphone OEMs.

This note is to update clients with our market checks on Apple Inc (AAPL US) iPhone builds and shipments, the timetables of new model launches in September and the latest Android models to be launched by Xiaomi and Huawei, the two leading Chinese smartphone OEMs.  

AAPL IPhone CQ2 Tracking, CQ3 New Model Launches, Chinese OEM Competition

Actionable Insights, Assured Alpha, ANTYA Investments

ANTYA Investments

Actionable Insights, Assured Alpha

Investing That Empowers You

ANTYA Investments Inc., regulated by the Ontario Securities Commission, is registered to provide wealth management services in Canada. ANTYA manages institutional, and high net-worth client portfolios on a discretionary basis. Our investment philosophy embraces a Core-Satellite approach.  The core of the portfolio is chosen from a group of fifteen asset classes. A few stock specific asymmetrical investment opportunities comprise the satellite segment. ANTYA invests only in global, large capitalization, and investment grade companies.  

In ANTYA’s view, the worst is behind <a href="https://www.smartkarma.com/entities/20279" target="_blank" data-smartkarma-citation="entities:20279:1">Tesla Motors Inc (TSLA US)</a>. A barrage of criticism in the media failed to dislodge current management at the AGM on June 5, 2018. Furthermore, the update provided by Musk was as per the expectations of long-term shareholders, whereas those looking for additional ammunition to vilify Tesla's management went home empty-handed. Although Tesla is not out of the woods either operationally or financially, there is enough head-room on both counts for the optimists like us to maintain our bullish view on the stock.

In ANTYA’s view, the worst is behind Tesla Motors Inc (TSLA US). A barrage of criticism in the media failed to dislodge current management at the AGM on June 5, 2018. Furthermore, the update provided by Musk was as per the expectations of long-term shareholders, whereas those looking for additional ammunition to vilify Tesla's management went home empty-handed. Although Tesla is not out of the woods either operationally or financially, there is enough head-room on both counts for the optimists like us to maintain our bullish view on the stock.

Tesla Inc. – Musk Wins the Showdown – Onwards and Upwards to Shanghai, Europe and Mars

<ul>
<li>The Open Banking initiative in the UK, the PSD2 directive in the EU and a Japanese equivalent are forcing banks to provide third party access via software APIs to customer data and accounts.</li>
<li>In effect, the new regulations will enable a separation of the functions of money i.e. the traditional bundling role of banks is being disintermediated in an ‘open source’ financial data world.</li>
<li>From being financial department stores, banks will have to become more like malls, hosting a range of independent…</li>
</ul>


The Open Banking initiative in the UK, the PSD2 directive in the EU and a Japanese equivalent are forcing banks to provide third party access via software APIs to customer data and accounts.
In effect, the new regulations will enable a separation of the functions of money i.e. the traditional bundling role of banks is being disintermediated in an ‘open source’ financial data world.
From being financial department stores, banks will have to become more like malls, hosting a range of independent…


Payments Battle Goes Global, as Fintech Threat Evolves…

United States

Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related accessories. The Company also offers payment, digital content, cloud and advertising services. Apple Inc.'s customers are primarily in consumer, small & mid-sized business, education, enterprise and government markets worldwide.

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Apple (AAPL US)

Fed Ignores EM Pain, as Dollar Rally Accelerates…

The Fed has reiterated its tightening path, despite pleas from EM central bankers and warnings from Ben Bernanke that the US economy is heading...

Sean Maher

Apple Hopes New Tools Will Help It Dominate Smartphone Based AI: AI Readings

A review of some of the latest news involving artificial intelligence, with a particular focus on items that potentially affect public companies....

Norm Kumar

AAPL IPhone CQ2 Tracking, CQ3 New Model Launches, Chinese OEM Competition

This note is to update clients with our market checks on Apple Inc (AAPL US) iPhone builds and shipments, the timetables of new model launches in...

JL Warren Capital

Tesla Inc. – Musk Wins the Showdown – Onwards and Upwards to Shanghai, Europe and Mars

In ANTYA’s view, the worst is behind Tesla Motors Inc (TSLA US). A barrage of criticism in the media failed to dislodge current management at the...

ANTYA Investments

Payments Battle Goes Global, as Fintech Threat Evolves…

The Open Banking initiative in the UK, the PSD2 directive in the EU and a Japanese equivalent are forcing banks to provide third party access via...

Sean Maher

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