Rising Rates, Changing Markets 上升的利率，變動的股市   by Charles Cheng, CFA   Bond prices fell sharply in February and March, with the USD and Euro bond curves steepening, meaning that shorter term bond yields rose less than longer term ones. T […]

Growing Pains in Democratizing Investing 投資民主化之成長的煩惱   by Charles Cheng, CFA   The trading and global media frenzy surrounding the Gamestop short squeeze in January is worth revisiting now that the dust has settled, as it highligh […]

How much longer can the market run last? 這波牛市還將持續多久？   by Charles Cheng, CFA     Equity markets around the world extended their strong run into the new year, with fears of the economic damage caused by the COVID pandemic bein […]

Grit and Investing 韌性和投資   by Charles Cheng, CFA   “Grit” has become a popular buzzword in recent years pertaining to personal development and life success. This is due to research and a popular book authored by Dr. Angela Duckwor […]

Decade of Disruption 10年的破壞性創新   by Charles Cheng, CFA     As 2020 and the decade are winding down, some of the uncertainties that investors were waiting on are being resolved. Markets rallied in November following the US ele […]

Pushing Forward 向前推進 by Charles Cheng, CFA     The year of 2020 appears that it will continue to be an eventful one all the way to the finish. The US Presidential election takes place on November 3rd, the result of which may be co […]

Signaling Noise 信號噪音   by Charles Cheng, CFA     Imagine that someone offers you $1,000 USD for one of the face masks that you have no doubt stockpiled in your home. Let’s say you that you have over 1,000 of these masks. Woul […]

Discipline 紀律 by Charles Cheng, CFA     Investors can be successful in all sorts of styles, whether that’s short term, long term, quantitative, event driven, or fundamental. Even mixtures of these investment styles can work, as di […]

Election Noise 選舉噪音 by Charles Cheng, CFA     Another four years has past and we’re on the eve of another closely watched US Presidential election that will likely have significant effects on the rest of the world. Market updates, […]

Change is Certain 改變是肯定的 by Charles Cheng, CFA     Our focus on the US market continues, given the outsized role US equities have in world benchmarks, and that US policy has on the rest of the world. Amid the coronavirus pandemic, […]

Interesting Times 有趣的時代 by Charles Cheng, CFA     During the global COVID-19 pandemic, investors may be second guessing their own actions in a time when market prices and sentiment swing dramatically from day to day. Whether one i […]

What is the Market Signaling? 市場帶來了什麼信號？ by Charles Cheng, CFA   From the market peak on Feb 19th to March 23rd, the benchmark US S&P 500 Index fell over 33%. It then subsequently rebounded over 24% over the subsequent month, retra […]