by Charles Cheng, CFA     Inflation is a major concern for USD and global investors again after hitting levels not seen in over 40 years. US CPI inflation hit 8.5% YoY in March 2021, the highest since December 1981, due to the rec […]

by Charles Cheng, CFA     The past few weeks have been marked with multiple crises. From the Russian invasion of Ukraine to the breakthrough of COVID-19 in China to extreme heat being recorded in the Earth’s poles, the consequence […]

by Charles Cheng, CFA     What does it mean to be a contrarian in investing? According to some respected investors, being contrarian is the only way to outperform the public market. After all, if you are doing something everyone e […]

by Charles Cheng, CFA     Entering the new year, it’s worthwhile to reflect on your investment performance in the past 12 months and also your investment strategy going forward. Investing can be a rewarding endeavor but also somet […]

Charles Cheng, CPA     As 2021 draws to a close, world equity markets are likely to finish the year in the positive and with an above average annual return despite the rough performance of some sectors and geographies like emergin […]

At the start of the year, discussion around financial markets was dominated by talk of asset bubbles as shares in money losing companies were finishing a massive run up that started from the second half of the previous year. Worldwide searc […]

With all the worry in the media about inflation, supply chain disruption, rising rates, COVID variants, and high valuations, equities have continued to run higher. World stocks are around all time high levels, led by US equities, with the S […]

by Charles Cheng, CFA     Why do stocks and other securities move? The quick answer is, it’s complicated due to the different behaviors and motivations of the people who trade them day to day. There are a multitude of reasons, som […]

by Charles Cheng, CFA     Since July 22nd (up to August 22nd), the government of China announced or hinted at rules to limit the business activity of the education, trust, movie, food delivery, video game, streaming video, and oth […]

by Charles Cheng, CFA     The economic story of the first half of 2021 was one of recovery. With the proven effectiveness of vaccines and the opening up of daily life in many countries, the question was about how fast the bounce b […]

by Charles Cheng, CFA     The US dollar rose versus other currencies, gold prices fell, and short-term US Treasury yields moved higher leading up to and following the closely watched two-day FOMC meeting ending June 16th. The mark […]

Different Flavors of Risk 不同的風險偏好   by Charles Cheng, CFA     Rapid declines in recent weeks for previously strong performing assets like crypto currencies and certain information technology companies has highlighted the inhe […]