Chris Wang on Evergrande Contagion Risks and Expedia

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

By |September 20th, 2021|runnymede news|0 Comments

Does the China COVID recovery point to a V-shaped US recovery?

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

Macau casinos show what to expect from a Las Vegas reopening

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

Europe to surpass China with most active coronavirus cases

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

By |March 11th, 2020|investing|0 Comments

Be Like Warren Buffett and Buy Fear

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.

By |February 27th, 2020|investing|0 Comments

Friday TV Appearances: Strong Jobs Reports, LK, ATVI

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.

By |February 9th, 2020|investing|0 Comments
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