Last night, Britain voted to leave the European Union by a narrow margin. Global stock markets tumbled as the result surprised many investors.  We were not surprised by the exit, but were surprised by the strong market reaction.  The markets had not priced in this outcome, though the event had been well broadcasted for months. … Read more

Henry Ma, Ph.D., Chief Investment Officer                                        On June 23, UK will hold a referendum on whether Britain will remain at EU.  With 11 days to go, the most recent poll conducted by the Economist.com shows that 43% are in favor of “leaving”, 42% like “remaining” … Read more

BOSTON, MA – May 18, 2016 – Julex Capital Management, LLC., announced that its’ Dynamic Sector, Dynamic Income and Dynamic Emerging Market strategies were recognized with “Top Guns” status within the Informa Investment Solutions’ PSN investment manager database today.  Julex Capital is an innovative investment firm offering tactical/risk managed solutions that aim to deliver consistent … Read more

Henry Ma, Ph.D., Chief Investment Officer                                        At the end of a two-day meeting on Wednesday, as expected, the Fed did not raise interest rates. In the statement, the Fed dropped the word “patient” on acting on rates, but signaled it is in no hurry to … Read more

We have just published our Quarterly Macro Chart Book for Q1 2016. The general themes are: Economy continues expanding at a slow pace; Job market is strong and labor participation rate inches up from 30-year low; Inflation is muted, but core inflation has reached over 2.2%; Central bank monetary policies diverge, US will continue its … Read more