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

Icarus Is Falling! The Markets Are Breaking: More Volatility Is Coming

Risk Pivots and Color into Late September

The Final Bear Phase: America’s Retail Investors Are Only Just Starting To Panic

Second Leg Down: 5% Points More on Fed Funds! Central Banks Turn Up the Heat

Post-Jackson Hole: Don’t Fight The Fed… Euro Collapse Threatened?

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>Both the Fed and FedEx had recent recessionary messages for the markets. The Fed is tightening policy, which is negative for equity valuation.</li>
<li>The FedEx warning shows that Q3 earnings season could see some bifurcation as the goods-producing sector faces challenging conditions while services remains strong.</li>
<li>The outlook may not be as bleak as it sounds. Market history shows that the Fed always pivots in the face of a financial crisis.</li>
</ul>


Both the Fed and FedEx had recent recessionary messages for the markets. The Fed is tightening policy, which is negative for equity valuation.
The FedEx warning shows that Q3 earnings season could see some bifurcation as the goods-producing sector faces challenging conditions while services remains strong.
The outlook may not be as bleak as it sounds. Market history shows that the Fed always pivots in the face of a financial crisis.


What the Fed and FedEx Are Telling the Markets