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

Thematic (Sector/Industry)

United states / Thematic (Sector/Industry)

<p>There has been some buzz on social media about the following chart that correlates the Fed’s balance sheet with the “smart money index” (SMI). Readers can draw their own conclusions, but the initial take has bearish implications for equity prices.</p><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/056/778/original/Fed%20balance%20sheet%20vs%20smart%20money.jpg?1530641890" class="editor-image img-responsive" data-smartkarma-image-id="56778"></figure><p>The SMI represents the difference between the first 30 minutes of trading and the last 60 minutes. The idea here is that novice traders trade the open and more experienced traders trade the close. The difference reflects the net trading of these…</p>

There has been some buzz on social media about the following chart that correlates the Fed’s balance sheet with the “smart money index” (SMI). Readers can draw their own conclusions, but the initial take has bearish implications for equity prices.The SMI represents the difference between the first 30 minutes of trading and the last 60 minutes. The idea here is that novice traders trade the open and more experienced traders trade the close. The difference reflects the net trading of these…

What You May Not Know About The Smart Money Index