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

Multiple Countries / Cross Asset Strategy

<ul>
<li>A review of the performance of the major regions shows that all regions have achieved golden crosses, but MSCI Emerging Markets is lagging and testing its 50 dma.</li>
<li>Could EM weakness unravel the bull case? We find that EM equities have become a crowded trade based on the China re-opening narrative, which is showing signs of sputtering.</li>
<li>We believe the China cyclical re-opening rebound may become a drag on EM equity performance, it is unlikely to derail the equity bullish impulse that just began in 2023.</li>
</ul>


A review of the performance of the major regions shows that all regions have achieved golden crosses, but MSCI Emerging Markets is lagging and testing its 50 dma.
Could EM weakness unravel the bull case? We find that EM equities have become a crowded trade based on the China re-opening narrative, which is showing signs of sputtering.
We believe the China cyclical re-opening rebound may become a drag on EM equity performance, it is unlikely to derail the equity bullish impulse that just began in 2023.


Could EM Weakness Unravel the Bull Case?