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

Alert: Do Bears Hunt in Packs? (Part 3) The Coming Turmoil in Currency and Commodity Markets

How Well Is Hedging EM Currencies with the Euro Working?

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

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
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Cross-Asset & Quantitative Research

Cross Asset Strategy

Multiple Countries / Cross Asset Strategy

<ul>
<li>Commodities as a stock market timing indicator: As the Fed raises rates, the inflation-sensitive commodity bull will fade and take the stock market down with it as economic growth decelerates.</li>
<li>One way of measuring the strength of the global inflation and commodity trade is the long producer/short importer country pair trades, which are in strong relative uptrends. </li>
<li>Widespread breakdowns in these pairs would be a sign of a transition from a late-cycle market regime to a contractionary phase. </li>
</ul>


Commodities as a stock market timing indicator: As the Fed raises rates, the inflation-sensitive commodity bull will fade and take the stock market down with it as economic growth decelerates.
One way of measuring the strength of the global inflation and commodity trade is the long producer/short importer country pair trades, which are in strong relative uptrends. 
Widespread breakdowns in these pairs would be a sign of a transition from a late-cycle market regime to a contractionary phase. 


How the Commodity Tail Wags the Stock Market Dog