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

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

Cross Asset Strategy

As we progressed through the pandemic-induced recession, there have been much discussion about a second wave. Second waves appear in many forms, and they can threaten the current consensus expectation of a V-shaped rebound.Here are some of the second-wave risks the market faces.<ul>
<li>A second wave of COVID-19 infections</li>
<li>A second wave of layoffs and wave cuts</li>
<li>A second wave of bankruptcies</li>
</ul>Finally, investors have to face the risk of permanent economic scarring that impairs long-term growth potential. Under that scenario, slower growth rates will persist even after any recovery and affect asset prices in ways that the market hasn’t fully discounted.

As we progressed through the pandemic-induced recession, there have been much discussion about a second wave. Second waves appear in many forms, and they can threaten the current consensus expectation of a V-shaped rebound.Here are some of the second-wave risks the market faces.
A second wave of COVID-19 infections
A second wave of layoffs and wave cuts
A second wave of bankruptcies
Finally, investors have to face the risk of permanent economic scarring that impairs long-term growth potential. Under that scenario, slower growth rates will persist even after any recovery and affect asset prices in ways that the market hasn’t fully discounted.

Brace For The Second Waves