Cross-Asset Strategist & Quantitative Analyst, Pennock Idea Hub

Cam Hui

Cam Hui has been professionally involved in the financial markets since 1985 in a variety of roles, both as a quantitative equity portfolio manager and as a sell-side analyst. He graduated with a degree in Computer Science from the University of British Columbia in 1980 and obtained his CFA Charter in 1989.

Cross-Asset Strategist & Quantitative Analyst

Trade Truce/Tech War/Market Opening/NEVs /Hong Kong

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)

United states & china / Thematic (Sector/Industry)

The anticipation is over. The Trump-Xi summit is done. Did you think that things would be so easy, and everything could be solved in a single meeting?Notwithstanding the short-term results from the summit, here are some issues that investors and policy makers should think about in terms of future Sino-American relations.<ul>
<li>If this is a war, what costs are Americans willing to bear?</li>
<li>Is this a trade war, or something more?</li>
<li>How much support can the Fed offer, and what are the implications of the Fed’s actions?</li>
</ul>We find that, in the absence of trade war risk, the intermediate-term equity outlook is bullish. There are no signs of a recession on the horizon. The Fed has signaled that it stands ready to “act as appropriate to sustain the expansion”. There is little more that the bulls could ask for.

The anticipation is over. The Trump-Xi summit is done. Did you think that things would be so easy, and everything could be solved in a single meeting?Notwithstanding the short-term results from the summit, here are some issues that investors and policy makers should think about in terms of future Sino-American relations.
If this is a war, what costs are Americans willing to bear?
Is this a trade war, or something more?
How much support can the Fed offer, and what are the implications of the Fed’s actions?
We find that, in the absence of trade war risk, the intermediate-term equity outlook is bullish. There are no signs of a recession on the horizon. The Fed has signaled that it stands ready to “act as appropriate to sustain the expansion”. There is little more that the bulls could ask for.

A Framework For A Sino-American Relationship