Investment Insights and Thought Leadership

Kai W. Hong, CFA
Managing Partner & Chief Investment Strategist

The year began largely as the prior one had ended – with generally sanguine views on economic fundamentals leading to rationalization of asset valuations.  The boost of a significant fiscal stimulus in the form of US tax… Read Full Post

Thoughts on the Implications of the Legislation

Major tax reform in the United States of America is often one the most widely debated topics in the halls of Congress. The 2017 tax reform bill (officially named the Tax Cuts and Jobs Act) has had its fair… Read Full Post

Kai W. Hong, CFA
Managing Partner & Chief Investment Strategist

The beginning of February saw an acceleration of the market decline which had begun late the prior month. Concerns over rising interest rates and some profit taking in the high-flying Technology sector, paced the initial declines. Yields… Read Full Post

Kai W. Hong, CFA
Managing Partner & Chief Investment Strategist

The year began largely as the prior one had ended – with generally sanguine views on economic fundamentals leading to rationalization of asset valuations. The boost of a significant fiscal stimulus in the form of US tax… Read Full Post

Kai W. Hong, CFA
Managing Partner & Chief Investment Strategist

The quarter started with the absence of any major economic or geopolitical news. That left investors to contemplate the generally sanguine and oddly complacent nature of the markets. In the US, the Republican tax plan was the… Read Full Post

Kai W. Hong, CFA
Managing Partner & Chief Investment Strategist

With little in the way of substantive news events, optimism propelled the markets forward as investors anticipated a continuation of steady economic growth, good corporate performance, and accommodative monetary policy. US consumer confidence rose to its highest… Read Full Post

Kai W. Hong, CFA
Managing Partner & Chief Investment Strategist

In the absence of any major economic or geopolitical news, investors were left to contemplate the generally sanguine and oddly complacent nature of the markets. In the US, the Republican tax plan was the main political story… Read Full Post

Kai W. Hong, CFA
Managing Partner & Chief Investment Strategist

After several months of modest gains shadowed by questions over potential central bank tightening, investors interpreted US Fed Chair Yellen’s July testimony to Congress as somewhat more “dovish” on the outlook for inflation and the pace of… Read Full Post

Kai W. Hong, CFA
Managing Partner & Chief Investment Strategist

Given all of the macro and political drama of the last several months, the month of August was relatively quiet. Of course there was posturing around trade deals, budget/debt-ceiling negotiations, and administration-created controversy (this time around protests… Read Full Post

Kai W. Hong, CFA
Managing Partner & Chief Investment Strategist

After several months of modest gains shadowed by questions over potential central bank tightening, investors interpreted US Fed Chair Yellen’s testimony to Congress as somewhat more “dovish” on the outlook for inflation and the pace of further… Read Full Post