The Journal
A Trek Blog
Price Controls – Just “Don’t” Do It
By Greg Lai and Alex Hsiao, Co-Chief Investment Officers On August 15, 1971, when inflation was about 3% at an annual rate. To control inflation,
There is more to AI than NVIDIA – What about IBM?
By Greg Lai and Alex Hsiao, Co-Chief Investment Officers International Business Machines Corporation (Ticker: IBM) recently announced its financial results for the second quarter of
The Big Mac Index or Yen Carry Trade
By Greg Lai and Alex Hsiao, Co-Chief Investment Officers Tourism is booming in Japan, to the point that Japan is restricting certain locations from over-tourism.
The VIX is Surging
By Greg Lai and Alex Hsiao, Co-Chief Investment Officers Well-known fear gauge on the rise Throughout the first half of 2024, there’s been plenty of
Wisdom of the “Crowd” takes down the cloud…
By Greg Lai and Alex Hsiao, Co-Chief Investment Officers On July 19, 2024, a sudden technological disaster swept the globe, causing millions of Windows computers
Is Inflation Dead? Headline CPI actually drops in June.
By Greg Lai and Alex Hsiao, Co-Chief Investment Officers The latest report on U.S. consumer prices from the Bureau of Labor Statistics (BLS) was a
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Weekly Market Commentary
By Greg Lai and Alex Hsiao, Co-Chief Investment Officers
September 9-13, 2024
In today’s smartphone era, the ability and tendency to check your bank and brokerage balance went from monthly statements to minute-by-minute accounts. Investor behaviors also went from being focused on long-term growth to “real-time” growth, resulting in a lack of tolerance for volatility. While last week’s decline in the S&P 500 (-4.22%) and Nasdaq (-5.76%) may have caused a flutter, it’s worth remembering that, as of the end of August, both indices had posted impressive year-to-date gains of 19.53% and 18.57%, respectively. Following the Federal Reserve’s July decision to hold interest rates steady and Chair Powell’s clear August remarks on future policy direction, the economic fundamentals remain largely unchanged. Yet, as we approach September, the specter of the so-called “September Effect” looms.
