Cross-Asset Strategist & Quantitative Analyst, Pennock Idea Hub

Cam Hui

Cam Hui has been professionally involved in the financial markets since 1985 in a variety of roles, both as a quantitative equity portfolio manager and as a sell-side analyst. He graduated with a degree in Computer Science from the University of British Columbia in 1980 and obtained his CFA Charter in 1989.

Cross-Asset Strategist & Quantitative Analyst

Is the Dip a Gift From the Breadth Thrust Gods?

Pennock Idea Hub

We are creators of independent equity research. The Pennock Idea Hub team are veterans of the investment industry. Much of our team has spent their careers at Merrill Lynch, Deutsche Bank, RBC Capital Markets and Wood Gundy. We have taken every aspect of research back to the studs and returned to first principles. The Pennock Idea Hub marries the interests of the sell and buy side. 

We offer the best research for institutional investors by:

-Only publishing research from veteran analysts
-Eliminate the inherent conflicts of the traditional sell and buy side relationship
-Ensure our team is always accessible; collaboration with clients nurtures our collective success

Cross-Asset & Quantitative Research

Cross Asset Strategy

<ul>
<li>While fear levels are elevated, the market is neither panicked nor oversold, indicating there may still be unfinished business to the downside once the market bounce is over.</li>
<li>The best-case scenario will see a S&amp;P 500 relief rally that tests 50-dma resistance once geopolitical tensions fade.</li>
<li>The worst-case scenario is a break of neckline support at about 4300–4330 of a possible head and shoulders pattern, with a measured downside objective of about 3800.</li>
</ul>


While fear levels are elevated, the market is neither panicked nor oversold, indicating there may still be unfinished business to the downside once the market bounce is over.
The best-case scenario will see a S&amp;P 500 relief rally that tests 50-dma resistance once geopolitical tensions fade.
The worst-case scenario is a break of neckline support at about 4300–4330 of a possible head and shoulders pattern, with a measured downside objective of about 3800.


Fearful, but Not Panicked