Founder & Head of Research, Fortress Hill Advisors

Alex Ng

Alex Ng is the founder and head of research of the economic and investment research house Fortress Hill Advisors. Prior to founding Fortress Hill Advisors, he worked as an economic research analyst across government, academic, and financial institutes including the Hong Kong Financial Secretary’s Office (Office of the Government Economist), Economic Research Center of the Institute of Asia-Pacific Studies at CUHK, and State Street Global Markets. Alex holds a Master of Arts in Economics degree from Columbia University in the City of New York and a Bachelor of Arts in Economics and Mathematics from Wesleyan University (CT, USA).

Our firm's expertise lies in macroeconomics, global macro,  global thematic research, company and equity research, multi-asset strategy, event driven, and ESG.

We also do proprietary trading on the firm's capital, to try to vindicate our investment thesis. Our flagship publication, Heard from Fortress Hill (HFFH) provides our weekly market observations and is freely available on our website: https://fortresshill-advisors.com/hffh/

Founder & Head of Research

US August Nonfarm Payroll Suggests Only 25 Bps Rate Cut

US Nonfarm Payroll Change 272k (consensus 185k) in May-24

US Nonfarm Payroll Change 206k (consensus 190k) in Jun-24

US July Job Reports: Shifting Away to Services Sector

Fortress Hill Advisors

Founded in Hong Kong in 2019, Fortress Hill Advisor seeks to provide premium economic and financial researches.

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Macroeconomics

<ul>
<li>October’s non-farm payroll is well below consensus with a 12k increase with weakness impacted by a strike at Boeing and hurricanes.</li>
<li>The workweek is holding up and average hourly earnings are stronger than expected with a 0.4% rise but with negative revisions.</li>
<li>Unemployment is unchanged at 4.1%, with both employment and the labor force falling, both probably depressed by weather.</li>
</ul>


October’s non-farm payroll is well below consensus with a 12k increase with weakness impacted by a strike at Boeing and hurricanes.
The workweek is holding up and average hourly earnings are stronger than expected with a 0.4% rise but with negative revisions.
Unemployment is unchanged at 4.1%, with both employment and the labor force falling, both probably depressed by weather.


U.S. October Employment - Special Factors Add to Weakness