Research & Insights

Our investment decisions flow from incisive perspectives.

September 2017

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

August 2017

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

July 2017

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

June 2017

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

April began with an air of collective uncertainty settling over the markets. However, that uncertainty had an oddly sedating effect as news which in the past would have elicited a reaction by investors (e.g. a US missile… Read Full Post

May 2017

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

Markets were largely flat for the first half of May as political uncertainty once again dominated headlines with the French presidential election (subsequently won by centrist Macron vs far-right Le Pen) and the unexpected firing of the… Read Full Post

April 2017

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

April began with an air of collective uncertainty settling over the markets. However, that uncertainty had an oddly sedating effect as news which in the past would have elicited a reaction by investors (e.g. a US missile… Read Full Post

March 2017

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

Markets began the year mostly range-bound as investors absorbed the dramatic gains of the prior months and turned their attention to the impending reality of a new US administration. News was dominated with more talk than action… Read Full Post

February 2017

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

The market enthusiasm which pushed the Dow above the 20,000 level late last month continued unabated as investors seemed to focus more on potential upsides to policy rather than uncertainty and downside risks. While talk of deregulation… Read Full Post

January 2017

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

Markets began the year mostly range-bound as investors absorbed the dramatic gains of the prior months and turned their attention to the impending reality of a new US administration. News was dominated with more talk than action… Read Full Post

December 2016

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

As uncertainty built around the outcome of the US presidential election, investors appeared reluctant to take significant positions and the market drifted steadily downwards. Consumer spending showed some softening, and general economic data continued to be modest.… Read Full Post