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

The ‘Quick’ Recession … Is It Over Already? Latest Liquidity Data Agrees

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
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Cross-Asset & Quantitative Research

Thematic (Sector/Industry)

United states / Thematic (Sector/Industry)

The whiff of recession is in the air, and anxiety levels are rising. Even Tariff Man is getting worried. At the nadir of last week’s stock market decline, Trump tweeted, “The Fake News Media is doing everything they can to crash the economy because they think that will be bad for me and my re-election”. How serious are the recession risks? What should and shouldn’t equity investors be worried about? We believe investors should distinguish between real risks and red herrings for stocks. Downside equity risk from a recession is relatively low, and we are less concerned about the signal from the yield curve. If a recession is in the cards, it has to be one of the best anticipated and telegraphed slowdowns in the post-War era.On the other hand, investors should be wary of a rising USD, and how the market may discount the outcome of the U.S. presidential election in 2020.

The whiff of recession is in the air, and anxiety levels are rising. Even Tariff Man is getting worried. At the nadir of last week’s stock market decline, Trump tweeted, “The Fake News Media is doing everything they can to crash the economy because they think that will be bad for me and my re-election”. How serious are the recession risks? What should and shouldn’t equity investors be worried about? We believe investors should distinguish between real risks and red herrings for stocks. Downside equity risk from a recession is relatively low, and we are less concerned about the signal from the yield curve. If a recession is in the cards, it has to be one of the best anticipated and telegraphed slowdowns in the post-War era.On the other hand, investors should be wary of a rising USD, and how the market may discount the outcome of the U.S. presidential election in 2020.

How Worried Should You Be About A Recession?