Innovation and Fintech expert, Richard Turrin discusses Chinaʻs mobile payment revolution, Central Bank Digital Currency (CBDC), and what it means for the West.
In a conversation with Oliver Renick on the TD Ameritrade Network, Chris Wang, Research Director of Runnymede Capital Management, discusses the Monday market selloff triggered by fears of the Evergrande looming missed debt payment. There is clearly risk given that Evergrande is the #2 property developer in China with over 200,000 employees, 800 projects in 200 cities, and $300 million in debt. However, we do not believe that this is the next Lehman and China
Last year as the pandemic broke out in China, we looked to the east for signs of what life may be like dealing with lockdowns and a slow return from lockdowns.
US investors have an estimated 2% in China stocks but should it be higher? Instead of reading the headlines, let's take a look at what the smart money is doing… with their kids.
With the COVID-19 shutdown profoundly impacting the US economy with over 30 million job losses, just one in 10 fund managers expect a V-shaped recovery according to the FT. Is this the right call? Luckily we can look to the Far East as a crystal ball and what we may have in store in the next few months. China re-opened their economy in mid-February so they are about 3-5 months ahead of the US economy
Recently, the Las Vegas mayor Carolyn Goodman made waves for pushing for the reopening of Las Vegas. While it may not make sense from a health perspective, their economy relies on tourism, conference and gambling. Even if the governor decides to reopen, it isn't clear how quickly things can return to anything close to normal. Casinos will need to spend more on regular cleanings and gamblers will likely need to wear masks, have their temperatures
Andy Wang chats with Nicole Petallides, host of the Watch List, about volatility, corona virus, and dividend stocks.
Back in January, I wrote a blog post when coronavirus, COVID-19, first appeared on the radar. There were just 600 cases and the Chinese government had already locked down Wuhan and neighboring cities. I was hopeful that with modern medicine and China's quick quarantine that the coronavirus could be contained. While the Chinese appear to have contained their cases, the rest of the world hasn't taken enough aggressive action to stop it in its tracks
Right now the media is obsessed with the coronovirus and fear is running rampant. Even my local school district in NJ had to comment on coronovirus despite there being only 60 cases in the entire United States and none in NJ. While we don't take this subject lightly, we do believe that this is providing one of the yearly “buy the fear” points, not a time to sell.
Last Friday, Chris Wang talked about the strong jobs reports and growth stocks, Luckin Coffee (ticker LK) and Activision Blizzard (ticker ATVI). Check out the videos to learn more. Hear what the strong jobs report means for the market and importantly what it means for the still very accomodative Fed. Also find out why Chris is excited about the prospects of LK and ATVI.