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Jason Tang

💼TradingKey Macroeconomic Analyst

🏅CFA (Chartered Financial Analyst)

🎓London School of Economics and Political Science | Master in Economics

📊Macroeconomy | Major Assets | U.S. Stocks | U.S. Bonds | Forex | Gold

Summary

Jason is a Senior Economist at TradingKey’s Investment Research Team, bringing over a decade of expertise in macroeconomic research, multi-asset class analysis, and econometric forecasting. He has recently begun sharing his investment research insights through video content.

Areas of Expertise

Analysing macroeconomic trends in the U.S., Europe, and Japan
Research asset allocation strategies (such as Stocks, Bonds, Forex, Commodities)
Conducting in-depth research and forecasting on Cryptocurrencies, Gold, and over a dozen Forex markets

Experience

TradingKey｜Macroeconomic Analyst 2024 – Present (Hong Kong) GF Securities｜Macro Strategist 2023 – 2023 (Hong Kong) Qatar National Bank｜Macroeconomic Analyst 2021 – 2022 (Doha, Qatar) TheCityUK｜Economic Analyst 2017 – 2021 (London, United Kingdom) Fitch Ratings｜Quantitative Economist 2008 – 2016 (London, United Kingdom)

Total 125 articles

Judgment on the Fed's December Rate Cut and 2026 Monetary Policy Trend: Identifying Opportunities in the U.S. Stock Market

TradingKey - The Federal Reserve is likely to halt its rate-cutting cycle before the end of Q2 2026...The magnitude of rate cuts in Q3 and Q4 2026 is expected to far exceed current market expectations...U.S. equities are highly likely to follow a "bearish-then-bullish" trajectory throughout 2026.

Fed Chair Candidate: What Would a Hassett Nomination Mean for U.S. Stocks?

TradingKey - If Kevin Hassett — the front-runner with a nomination probability exceeding 70% — is successfully appointed..., U.S. stocks are expected to continue hitting record highs, supported by a significantly accommodative monetary policy environment of interest rate cuts.

Whether a Bubble Exists in U.S. Stocks Is Not Important!

TradingKey - In our view, the core question is not whether a bubble exists, but rather which stage of the bubble the market is currently in. Despite the bubble characteristics exhibited by U.S. stocks amid the AI narrative, the market is still in the mid-stage of the bubble.

U.S. September PCE: Likely to Fall Short of Expectations, Bullish for US Stocks

TradingKey - Currently, the market widely anticipates that the core PCE year-on-year growth rate for September will stand at 2.9%, and we expect the upcoming data to be slightly below this consensus forecast.

The U.S. Dollar Index Is the Key Driver of Gold Prices: Where Are the Dollar and Gold Headed Next?

TradingKey - The strength or weakness of the U.S. Dollar Index stands as the core determinant shaping gold's trajectory.

U.S. September Nonfarm Payrolls: Two-Scenario Analysis, Will U.S. Stocks Diverge in Short-Term and Medium-to-Long-Term Trends?

TradingKey - This paper conducts an analysis of the U.S. September nonfarm payroll data and the subsequent employment market through two scenario-based assessments, alongside a short-term and medium-to-long-term outlook for U.S. stocks.

Eurozone Q3 GDP: Sustained Recovery and Low Interest Rates to Keep Driving European Stocks Higher

TradingKey - The Eurozone real GDP grew by 0.2% quarter-on-quarter and 1.3% year-on-year in Q3. Under the impetus of economic recovery and the coordinated efforts of monetary and fiscal policies, we are optimistic about the performance of European equities over the next 12 months.

U.S. Ends Shutdown: “Dual-Engine Drive of Stocks and Gold” as the Optimal Strategy

TradingKey - After comprehensive consideration, our investment strategy is the "dual-drive of stocks and gold" — allocating to U.S. stocks and gold in a rotating manner at a fixed ratio.

U.S. Stock Market Opinions Diverge: Will the Market Rise or Fall Going Forward?

TradingKey - Since the beginning of 2025, the S&P 500 and Nasdaq Composite have risen approximately 15% and 21%, respectively. The primary drivers of this rally include the Federal Reserve’s ongoing rate cuts, optimism surrounding artificial intelligence, and robust corporate earnings growth.

U.S. October ADP Nonfarm: For U.S. Stocks, Employment Data Should Be Read in Reverse

In our view, the underlying softness in the U.S. labour market is unlikely to reverse soon, raising the odds of sustained Fed easing and leaving room for further equity upside.

Gold Price Plummets on 27-28 Oct: Has the Turning Point Arrived?

TradingKey - From 27 to 28 October, gold prices plunged sharply, breaching the $4,000 level and now approaching $3,900 per ounce (Figure 1).

Fed’s October Rate Cut: "Equity-Gold Allocation" as the Optimal Strategy – Stock ETFs or Individual Stocks? Gold ETFs or Gold Stocks?

TradingKey - Overbought technical conditions triggered profit-taking, driving the sharp declines in U.S. stocks on 10 October and gold on 21 and 27 October.

Fed’s October Rate Cut: Easing Cycle Continues, Gold Likely to Keep Rising

In an environment of sustained rate cuts, we remain optimistic about gold's performance over the next 12 months.

U.S. September Inflation: Prices Out of Control? Under Control? Gold's Sharp Drop—Will It Surge Again?

TradingKey - Gold prices have surged this year, with the latest rally primarily driven by the collapse of U.S. regional banks and the "No Kings" protest movement. Looking ahead, the U.S. September inflation data—due for release on 24 October—will be the pivotal event shaping gold's near-term...

"No Kings" Protests: If It Persists, Sell U.S. Stocks and Buy Gold

TradingKey - On the morning of Saturday, 18 October, large-scale demonstrations broke out in multiple U.S. cities, where people protested against Trump's policies. Rallies were held in cities including New York, Washington, D.C., Chicago, Miami, and Los Angeles.

Trump to Interview Fed Chair Candidates: A Dove is Most Likely to Be Selected, Bullish for Gold

TradingKey - In recent years, gold has experienced an epic bull market, with prices soaring continuously, allowing gold bulls to reap substantial profits (Figure 1). Looking ahead, can gold bulls—particularly medium- to long-term investors employing a buy-and-hold strategy—continue to achieve high..

Trump Meets Zelenskyy: Selling Tomahawk Missiles, Gold Investors Set to Profit Big?

Should this plan materialise, it could escalate the Russia-Ukraine conflict, heightening global uncertainty and further driving gold prices upward.

UK August GDP: Economy & Assets—Set to Collapse?

TradingKey - The UK is scheduled to release its August GDP figures on 16 October, with the market widely anticipating a 0.1% month-on-month increase in real GDP (Figure 1). If this expectation is fulfilled, it will represent the UK economy’s third consecutive month of recovery, following two straigh

FOMC October Meeting Minutes: How Should Investors Respond?

In the context of the U.S. government shutdown and a period of limited economic data, the Federal Reserve’s release of its latest monetary policy meeting minutes and officials’ statements on 8 October will be particularly significant.

Is the UK Economy Headed for Collapse? Will Assets Face a "Triple Slump" in Stocks, Exchange Rates, and Bonds?

Many investors and analysts assert that the UK economy is on the brink of collapse, with its assets facing a "triple slump" across stocks, foreign exchange, and bonds.

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