Cam Hui, CFA

Retired left & right brained modeler of quantitative investment systems.

Publishing monthly column at

[Cam Hui, CFA @HumbleStudent]

The performance of our Trend Asset Allocation Model has been updated to 29-Sep-2025
1 year: Model 12.7% vs. 60/40 12.9%
2 years: Model 20.4% vs. 60/40 17.9%
3 years: Model 16.9% vs. 60/40 15.3%
5 years: Model 10.9% vs. 60/40 8.8%
https://t.co/BUC54teHOa

[Cam Hui, CFA @HumbleStudent]

Retired but still here: I wrote about IPOs as an indicator of risk appetite at my monthly column in the Fred Report (see link in my profile). Non-subscribers can get a reduced trial subscription rate using the code CAMTRIAL.

[Cam Hui, CFA @HumbleStudent]

Love the biased surveys. What about this guy? 😊😊 😊

[Western Standard @WSOnlineNews]

Have your say! Make your voice known by filling out the survey below.

[Cam Hui, CFA @HumbleStudent]

2 of 5 thoughts for the weekend
An analysis of the relative performance of the top 5 sectors by $SPX weight shows that leadership is narrowly led by technology

[Cam Hui, CFA @HumbleStudent]

5 of 5 thoughts for the weekend
Is that a positive divergence in % bullish on $GDX?

[Cam Hui, CFA @HumbleStudent]

4 of 5 thoughts for the weekend
A #sentiment warning?
The 10 dma of the equity put/call ratio is extremely low outside of the pandemic era
$CPCE

[Cam Hui, CFA @HumbleStudent]

3 of 5 thoughts for the weekend
What's going on with US banks? Weak against $SPX and weak against European banks
$EUFN

[Cam Hui, CFA @HumbleStudent]

1 of 5 thoughts for the weekend
There is nothing more bullish than a fresh high. Upside breakouts to ATHs everywhere!

[Cam Hui, CFA @HumbleStudent]

This sounds like they've decided to stay with the F35 instead of the Gripen. The original Swedish offer was a package of Gripens and GlobalEyes

[BNN Bloomberg @BNNBloomberg]

BREAKING: Canada negotiating purchase of aerial surveillance system with Swedes instead of American competitor https://t.co/qRpJLZ99Ds

[Cam Hui, CFA @HumbleStudent]

Maybe the Iranians should ask Macron for permission to sign the peace treaty at Versailles. I understand that there is a railroad car there...

[Sohrab Ahmari @SohrabAhmari]

President Trump and @JDVance are pursuing a serious, responsible path out of the Persian Gulf conflict.

Anyone gloating or engaging in political point-scoring right now is marking himself as an enemy of peace.

[Cam Hui, CFA @HumbleStudent]

5 of 5 thoughts for the weekend
In the face of #Hormuz related macro headwinds, how much staying power can a risk-on rally have if cyclicals are weak?

Asking for a friend.

[Cam Hui, CFA @HumbleStudent]

4 of 5 thoughts for the weekend
Bond market indicators are screaming TACO, but stock market indicators are less certain. Complicating it all, #Iran is driving up the price of a Trump TACO.

[Cam Hui, CFA @HumbleStudent]

3 of 5 thoughts for the weekend
Ppl got all excited about the reported rush into equities, as reported by the BoA Global Fund Manager Survey, but subsequent returns have been hit and miss. History points to FOMO stampedes but do you really trust a n=4 #study?

[Cam Hui, CFA @HumbleStudent]

2 of 5 thoughts for the weekend
A second wind ahead? Price momentum factor ETFs all pulled back and now they've all rebounded.

[Cam Hui, CFA @HumbleStudent]

1 of 5 thoughts for the weekend
Dashboard: Virtually all equity indices are testing overhead resistance. The best performer is *suprise* the equal-weighted $SPX

[Cam Hui, CFA @HumbleStudent]

My daughter is graduating from the London School of Economics. She’d like me to go. I’ll try and make it.

[Acyn @Acyn]

Reporter: Are you attending your son’s wedding?

Trump: He’d like me to go. I’m going to try. I said, this is not good timing for me. I have a thing called Iran and other things. He’s a person I’ve known for a long time.

[Cam Hui, CFA @HumbleStudent]

5 of 5 thoughts for the weekend
Fed Chair Warsh: Let me introduce you to your new friend, inflation expectations (thought the 10s30s yield curve isn't steepening)

[Cam Hui, CFA @HumbleStudent]

4 of 5 thoughts for the weekend
Even as $SPX advanced, Treasury yields are exhibiting dramatic signs of anxiety

[Cam Hui, CFA @HumbleStudent]

3 of 5 thoughts for the weekend
As Trump visited China:
$SPX and $NDX were the leadership
DM (Japan, Europe) were weak
#China was weak
EM ex-China was roaring ahead

[Cam Hui, CFA @HumbleStudent]

2 of 5 thoughts for the weekend
A glass half full or empty?
$SPX A-D Line made an ATH in April, NYSE A-D ATH in May
But exhibiting negative divergences with $SPX advance

[Cam Hui, CFA @HumbleStudent]

1 of 5 thoughts for the weekend
An unusual downside gap for $SPY
How quickly it gets filled will be an indicator of whether the bulls or bears have control of the tape