Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

Cross Asset Strategy

<ul>
<li>With the BOJ's struggle to support the yen gaining traction,  the NKY and TPX both hit major resistance</li>
<li>Hong Kong finally breaches resistance with a potential move to 20k in the near term</li>
<li>Diversification opportunities are abundant with potential negative correlation between China/HK markets and US</li>
</ul>


With the BOJ's struggle to support the yen gaining traction,  the NKY and TPX both hit major resistance
Hong Kong finally breaches resistance with a potential move to 20k in the near term
Diversification opportunities are abundant with potential negative correlation between China/HK markets and US


Technically Speaking: Japan Meets Resistance and Hong Kong Finally Breaks Downtrend

<ul>
<li>The bad news is that Hong Kong will not have a V-Shaped recovery which will keep market sentiment subdued</li>
<li>The good news is that Hong Kong will not have a V-Shaped recovery which will contribute to a reduction in overall market volatility</li>
<li>After an epic bear market, Hong Kong will enter a secular bull market this year</li>
</ul>


The bad news is that Hong Kong will not have a V-Shaped recovery which will keep market sentiment subdued
The good news is that Hong Kong will not have a V-Shaped recovery which will contribute to a reduction in overall market volatility
After an epic bear market, Hong Kong will enter a secular bull market this year


Hong Kong: A Tale of Two Markets and When to Re-Enter

<ul>
<li>China Enterprise Index (HSCEI) is now the top performing index in Asia on a USD basis</li>
<li>HSCEI also trades at the lowest P/E multiple in the Asia</li>
<li>High probability of divergence as US and Europe markets turn down</li>
</ul>


China Enterprise Index (HSCEI) is now the top performing index in Asia on a USD basis
HSCEI also trades at the lowest P/E multiple in the Asia
High probability of divergence as US and Europe markets turn down


HSCEI Outperformance Is Asia's Best Kept Secret

<ul>
<li>HSI has now closed above its 3 year downtrend and is poised to advance to its next resistance level</li>
<li>International brokers finally turning more bullish on the market as the US, Europe and Japan markets turn down</li>
<li>High beta sectors are set to outperform as global investors reallocate to the cheapest AND 2nd largest tech sector in the world</li>
</ul>


HSI has now closed above its 3 year downtrend and is poised to advance to its next resistance level
International brokers finally turning more bullish on the market as the US, Europe and Japan markets turn down
High beta sectors are set to outperform as global investors reallocate to the cheapest AND 2nd largest tech sector in the world


Hong Kong: The Glass Is Half Full, Time to BUY Beta

<ul>
<li>Gold price is a reflection of underlying global stress in currency markets</li>
<li>Gold price is a reflection of actual not reported real rates of interest</li>
<li>Gold price is a reflection of global increased demand from central banks and consumers</li>
</ul>


Gold price is a reflection of underlying global stress in currency markets
Gold price is a reflection of actual not reported real rates of interest
Gold price is a reflection of global increased demand from central banks and consumers


Asian Hedge Fund manager with more than 20 years experience managing Asian Long/Short Equity funds.  Macroeconomic top down analysis generating thematic investments which are further researched from bottom up.  Research is supplemented with advanced technical analysis.

David Mudd
Asian Hedge Fund Manager, Long Short Equity, Macro

Technically Speaking: Japan Meets Resistance and Hong Kong Finally Breaks Downtrend

HSI has now clearly broken its downtrend on large volume this week. Global reallocation to Hong Kong listed China shares and mainland buying...

David Mudd

Hong Kong: A Tale of Two Markets and When to Re-Enter

HSI has now broken key resistance levels or 17k (Bear Market Trend Channel), 17,300 (200 Day Moving Average) and 17,500 (Upper Bollinger Band). ...

David Mudd

HSCEI Outperformance Is Asia's Best Kept Secret

Hong Kong listed China shares are outperforming the region and global markets. After the long bear market there are signs that the HSCEI/HSI may...

David Mudd

Hong Kong: The Glass Is Half Full, Time to BUY Beta

Buying Beta in Hong Kong tech names is a long term opportunity to participate in a secular bull market. Technical trading factors are positive and...

David Mudd

Gold's Next Leg Up And Why It Matters

The asymmetry of the price of gold is now playing out. If the Fed does not cut gold benefits as inflation continues to rise leading to a rapid...

David Mudd