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

<ul>
<li>A preliminary review of sector leadership is flashing bearish vibes and defensive sectors are dominant while technology and cyclicals lag.</li>
<li>A more nuanced review of factor and style leadership argues for a benign explanation of a broad-based rotation from growth to value and from large caps to small caps.</li>
<li>We are inclined to embrace the benign view. Both the S&amp;P 500 and NYSE Advance-Decline Lines recently reached all-time highs. Bear market tops don’t behave this way.</li>
</ul>


A preliminary review of sector leadership is flashing bearish vibes and defensive sectors are dominant while technology and cyclicals lag.
A more nuanced review of factor and style leadership argues for a benign explanation of a broad-based rotation from growth to value and from large caps to small caps.
We are inclined to embrace the benign view. Both the S&amp;P 500 and NYSE Advance-Decline Lines recently reached all-time highs. Bear market tops don’t behave this way.


Sector Leadership Review: Bear Market Vibes?