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 132 articles
Gold: Bullish Trend to Continue, with Caution on Short-Term Overheating Risks
TradingKey - On January 29, 2026, the international gold price hit a new all-time high, breaking through the $5,500 per ounce mark. Theoretically, gold is inherently different from ordinary investment products, boasting three core attributes: commodity, financial asset and investment instrument.
16 hours ago
De-dollarization Is Unlikely to Ensure a Long-term Weakening of the U.S. Dollar Index
TradingKey - Our view is as follows: in the short-to-medium term, factors related to de-dollarization will indeed exert periodic constraints on the U.S. dollar exchange rate; however, from a long-term perspective, there remains considerable uncertainty regarding their actual impact on the trend of t
Tue, Jan 27
Analysis and Outlook of the U.S. Macroeconomy in 2026
TradingKey - The U.S. economic growth is expected to maintain strong resilience in 2026, driven by four key factors...Based on the above four factors, our calculations indicate that the full-year real GDP growth rate of the U.S. may reach around 2.5% in 2026, a figure that is notably higher than the
Thu, Jan 22
Economic Analysis and Outlook for Europe in 2026
TradingKey - In 2025, the euro area economy exhibited the characteristics of a moderate recovery, yet its endogenous growth momentum remained insufficient. Based on a comprehensive assessment of the annual operation of the EU economy last year, the euro area economy is highly likely to maintain the
Tue, Jan 13
From the Internet Revolution to the AI Bubble: What Is the Real Threat to U.S. Stocks?
Can the tides of the past internet era offer practical insights into the current debates surrounding the AI industry bubble? Why does every wave of technological revolution give rise to large-scale asset bubbles? What role has the Federal Reserve’s policy regulation played in the formation and evolu
Wed, Jan 7
U.S. November CPI: How Will Inflation Fluctuations Transmit to US Stocks? Tariffs Are the Key!
TradingKey - It should be emphasised that tariff policy is the core driver sustaining the current high level of inflation,...Under the combined influence of tariffs and inflation, the U.S. stock market will probably follow a down-then-up trend in 2026.
Thu, Dec 18
U.S. November Nonfarm Payrolls: What Does the Rare "Weak Jobs, Strong Economy" Mix Mean for U.S. Equities?
TradingKey - The U.S. economy will likely maintain a divergent pattern of weak employment but robust growth in 2026...Therefore, the Fed is highly likely to scale up the magnitude of rate reductions in 2026.
Tue, Dec 16
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.
Thu, Dec 11
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.
Tue, Dec 2
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.
Fri, Nov 28
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.
Tue, Nov 25
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.
Fri, Nov 21
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.
Tue, Nov 18
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.
Thu, Nov 13
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.
Mon, Nov 10
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.
Thu, Nov 6
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.
Tue, Nov 4
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).
Tue, Oct 28
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.
Tue, Oct 28
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.
Mon, Oct 27
