Our investment decisions flow from
incisive perspectives.

March 2019

Market Commentary

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

While significant, the drawdown
and market pessimism seen at the end of 2018 was as short-lived as it was
dramatic.  A somewhat abrupt about-face
from the US Fed from prior hawkishness to moderate dovishness was enough to
re-ignite animal spirits and a new round …

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December 2018

Market Commentary

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

After three quarters in which a host of geopolitical uncertainties and slowing global economic growth saw investors continue to boost US equities at the expense of everything else, the combination of increasing political dysfunction in the US (culminating with …

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November 2018

Market Commentary

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

Trade and geopolitical uncertainty continued to be on the forefront of investors’ minds in November. Although many markets (most notably emerging markets) posted positive returns for the month, the path to those gains was anything but smooth. …

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October 2018

Market Commentary

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

October was host to a broad-based market decline as concerns over trade and uncertainty around the outcome of the impending US mid-term elections caused investors to reassess their positioning. The Russell 3000 Index finished the month with a …

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September 2018

Market Commentary

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

Trade was once again the most conspicuous concern for the markets in the quarter. With the posturing from each party becoming more and more confrontational, it was hard to see any “winners” emerging for all the “losses” of …

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