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 other internet related industries. In t […]

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 […]

Does GDP Growth Mean You Should Load Up on Equity? GDP增長代表我們應該增加股票投資額嗎     by Charles Cheng, CFA     As the world recovers from the global pandemic of 2020, economists are revising up growth forecasts, with International […]

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 […]