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

Hong Kong/ Jack Ma/ Covid-19/ EU-China/ US-China

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

United states & China / Cross Asset Strategy

Happy New Year! Investors were happy to see the tumultuous 2020 come to a close. The past year has been one with little precedent. A pandemic brought the global economy to a screeching halt. The stock market crashed, and it was followed by an unprecedented level of fiscal and monetary response from authorities around the world. As the year came to an end, a consensus is emerging that a cyclical recovery has begun and we are seeing the dawn of a new equity bull. Some have even compared it to the Roaring 20s, when the world emerged from the devastation of the Spanish Flu and World War I.As we look ahead to 2021, we consider three key issues.<ul>
<li>The economy and its outlook;</li>
<li>Market positioning and consensus; and</li>
<li>What could go wrong?</li>
</ul>We conclude that the global economy is undergoing a cyclical rebound. Equity markets have surged in response. In the short term, sentiment has become stretched, risks are appearing and the S&amp;P 500 could correct by 5–10% at any time. Investors should look to pullbacks to buy dips, but better investment opportunities can be found in non-U.S. markets.

Happy New Year! Investors were happy to see the tumultuous 2020 come to a close. The past year has been one with little precedent. A pandemic brought the global economy to a screeching halt. The stock market crashed, and it was followed by an unprecedented level of fiscal and monetary response from authorities around the world. As the year came to an end, a consensus is emerging that a cyclical recovery has begun and we are seeing the dawn of a new equity bull. Some have even compared it to the Roaring 20s, when the world emerged from the devastation of the Spanish Flu and World War I.As we look ahead to 2021, we consider three key issues.
The economy and its outlook;
Market positioning and consensus; and
What could go wrong?
We conclude that the global economy is undergoing a cyclical rebound. Equity markets have surged in response. In the short term, sentiment has become stretched, risks are appearing and the S&amp;P 500 could correct by 5–10% at any time. Investors should look to pullbacks to buy dips, but better investment opportunities can be found in non-U.S. markets.

The Roaring 20's Scenario, and What Could Go Wrong