News and Commentaries

2017-04-21 Syria Air Attack Impact on Oil and Energy Sector
Oil prices reached a one month high on April 7, Friday, right after the United States fired 59 Tomhawk cruise missiles at the Shayrat airfield in Syria. Brent crude futures, the international benchmark for oil, rose two percent to $56.08 per barrel before settling almost flat at $54.95 per barrel. View Article
2017-03-13 How Will Fed’s March Rate Hike Affect US Market
As passed by Yellen and some other FOMC members’ speeches in early March and good signal in February employment data published on Mar 10, US and even global markets have already priced in Fed’s March rate hike. View Article
2017-02-21 US Market Volatility Forecast
A former TV star as U.S. president doesn’t seem to have injected markets with much of a ‘‘fear factor.’’ But digging beneath the surface of an eight-year bull run exposes subtle signs that hint at an uneasy optimism. View Article
Quarterly Reports

2018-07-19 Golden Horse Fund Management 2018 2nd Quarter Report
US Equities appeared to have staged a strong rebound in the second quarter after experiencing an unsettling first quarter. However, if we look at the other regions, we see that the European equities recorded a loss of 1.56% and the Emerging market declined sharply by 8.66%. View Article
2018-05-17 Golden Horse Fund Management 2018 1st Quarter Report
More recently, Trump reaffirmed his stance by asking his administration to consider $100 billion in Chinese goods which we think that China is likely to weight an equal response towards the US. There will be some economic impact on China and US. Both consumer and producer prices will increase, with the effect felt more strongly in US and less so in China due to a structural change towards domestic consumption in China in recent years. View Article
2018-03-15 Golden Horse Fund Management 2017 4th Quarter Report
In the US, key economic indicators and boost from tax reform lead to the anticipation of the current solid growth heading into 2018 and possibly 2019. View Article