Esteban Ma
💼TradingKey Financial Editor
🏅CFA Level 2 CANDIDATE
📊Stocks | Cryptocurrency | Commodities
Summary
Esteban Ma, CFA Level 2 CANDIDATE, is a financial editor at TradingKey, focusing on covering equities, cryptocurrencies and commodities. With two years of experience in crypto at Gate.io Research and three years in comprehensive finance, he specializes in cryptocurrency and macroeconomic analysis.
Areas of Expertise
Macroeconomic Research: Analysing Federal Reserve policy, inflation trends, and employment growth
Crypto Finance: Analysing blockchain projects
Data Modeling: Proficient in building and analysing statistical models
Market Insights: Keenly capturing market trends, reporting headline news, and conducting in-depth analyses
Experience
TradingKey｜Financial Editor 2023 - Present · Shenzhen Responsible for writing and publishing real-time news and in-depth analysis articles in the fields of macroeconomics, stock markets, cryptocurrencies, and commodities. Gate.io｜Financial Analyst 2021 - 2023 · Shenzhen Focused on analysing blockchain projects and on-chain ecosystems, building models for traditional finance and crypto finance, and interpreting on-chain metrics and market trends.
Total 624 articles
Q2 China Food Delivery War Wraps: Alibaba Wins, JD.com Struggles, Meituan Hit Most
TradingKey - After Alibaba released its Q1 FY2026 earnings, the second-quarter financial results for the three main players in China’s food delivery war — Meituan, JD.com, and Alibaba — are now all public. Alibaba emerged as the biggest winner, gaining the most market share with the smallest profit
Fri, Aug 29
The Cloud Capex Trap: Is NVIDIA Losing Control of Its Own Growth Trajectory?
TradingKey - Nvidia (NVDA) delivered better-than-expected growth in its Q2 FY2026 earnings, but a slowdown in its key growth engine — the data center segment — has sparked a new concern: While the deceleration was expected, amid rising fears of an AI bubble, an increasing number of Wall Street
Fri, Aug 29
U.S. Scraps Small Parcels Tariff Exemption, Costing Small Businesses, Adding $10B to Treasury
TradingKey - The U.S. policy eliminating tariff exemptions for small packages — expanding from China to a global scope — officially took effect on August 29. Industry insiders warn that this change in the de minimis rule is severely disrupting small business supply chains, limiting consumer choice
Fri, Aug 29
U.S. PCE Set to Take Center Stage Friday — And It’s Not Just About Tariffs
TradingKey - The U.S. July Personal Consumption Expenditures (PCE) Price Index will be released on Friday, August 29. With Federal Reserve Chair Jerome Powell acknowledging that September could mark a policy turning point, economists expect this PCE report will not derail a September rate cut, but
Fri, Aug 29
Investment Advisors Drive Bitcoin and Ether Institutionalization, But the Push Behind May Also Be a Threat
TradingKey - Fueled by the Trump administration’s aggressive push to legalize cryptocurrencies and stablecoins, Wall Street investment advisors have emerged as the largest known buyers of Bitcoin and Ethereum ETFs after retail investors — signaling a shift of crypto assets from speculative
Thu, Aug 28
Why Investors Aren’t Fazed by Trump Firing Lisa Cook From Fed Board
TradingKey - After U.S. President Donald Trump announced the immediate dismissal of Federal Reserve Governor Lisa Cook, the long-term bond market reacted first with a steepening yield curve, while risk assets like U.S. equities did not suffer the expected shock. Now, even long-term Treasury yields
Thu, Aug 28
Four Key Disappointments in Nvidia’s Q2 FY2026 Earnings That Investors Can’t Ignore
TradingKey - AI chip leader Nvidia (NVDA) delivered revenue and profit growth above expectations in its second fiscal quarter ended July, with over 50% year-on-year growth, showcasing its strong momentum and leadership in artificial intelligence. However, capital markets viewed the report as “not
Thu, Aug 28
Meituan’s Food Delivery War Cracks as Q2 Profit Plummets 89% on Core Weakness and Expanding Losses
TradingKey - Fueled by “irrational competition” in the food delivery sector, Meituan (3690.HK) saw its Q2 2025 net profit crash 89% due to a surge in sales expenses. With its core local services business underperforming and new ventures deepening losses, the delivery giant faces mounting pressure on
Wed, Aug 27
India’s Bold Pivot: Using Tariff Pressure as a Trigger for Tax Cuts and Bureaucracy Reform
TradingKey - The Trump administration’s imposition of a 50% tariff on Indian goods has pushed the decades-long U.S.-India relationship into a “darkest hour.” Rather than capitulate, India has responded by launching deep domestic reforms aimed at long-standing structural problems — particularly its
Wed, Aug 27
The ‘Boiling Frog’ Playbook: Why Wall Street’s Relief Over the Fed Is Premature
TradingKey - President Donald Trump’s direct move to fire Federal Reserve Governor Lisa Cook has sparked intense debate on the politicization of the Fed, with The Wall Street Journal declaring the potential “end of Fed independence.” While long-term U.S. Treasury yields reacted immediately, U.S.
Wed, Aug 27
Ahead of Nvidia’s “Make-or-Break” Q2 Earnings, Here's What Analysts Have to Say
TradingKey - Nvidia (NVDA), the leader of the artificial intelligence wave, is about to release its second-quarter 2025 earnings (Q2 FY2026), a report widely regarded as “the most important earnings report in the market.” Nvidia’s results will serve as a litmus test for whether the AI-driven demand
Wed, Aug 27
Long U.S. Bonds Are Paying the Price on Firing Cook, Fueling the Biggest Curve Steepening in 3 Years
TradingKey - News that President Donald Trump is pushing to remove Federal Reserve Governor Lisa Cook has elevated concerns over Fed independence to a new high. Wall Street analysts are warning that a repeat of the “equities, bonds, and currency triple sell-off” seen in past political episodes could
Tue, Aug 26
Japan’s 2026 Debt-Servicing Budget Hits Record High, Fueling a Bond Yield Spiral
TradingKey - To address rising "national debt service costs" caused by climbing Japanese government bond (JGB) yields, Japan’s Ministry of Finance is planning to request a record $220 billion for debt servicing in the 2026 fiscal year. Amid Bank of Japan rate hikes and concerns over fiscal deficits,
Tue, Aug 26
Is KDP’s JDE Peet’s Acquisition a Masterstroke or a Risky Gamble?
TradingKey - On Monday, August 25, U.S. beverage giant Keurig Dr Pepper (KDP) and JDE Peet’s, the parent company of Peet’s Coffee, announced a definitive agreement for KDP to acquire JDE Peet’s in an all-cash transaction valued at €15.7 billion. While KDP aims to create the world’s largest pure
Tue, Aug 26
Nvidia Q2 Earnings Expectations: With Little Room for Error, Will China-Related Risks Be Magnified?
TradingKey - Ahead of Nvidia Q2 FY2026 earnings report, multiple Wall Street firms have raised their price targets on Nvidia, reflecting strong confidence in AI demand. While analysts continue to forecast robust ~50% year-over-year growth in revenue and EPS, the China variable remains a major risk
Tue, Aug 26
Wall Street Banks Clash with Crypto Firms: The Genius Act Leaves a Loophole for Interest-Bearing Stablecoins
TradingKey - As stablecoins enter the “interest-bearing era,” holders are excited to transition from “non-interest-bearing depositors” to beneficiaries sharing in the yield from underlying assets. Stablecoin issuers and crypto exchanges welcome this regulatory development, but traditional Wall
Mon, Aug 25
Evergrande’s Delisting Marks an End, But China’s Property Stocks See a New Beginning on Shanghai Easing
TradingKey - On Monday, August 25, Chinese property stocks witnessed a dramatic day: Evergrande Group, once China’s largest real estate developer, was delisted from the Hong Kong stock exchange, while onshore property stocks surged on news of new easing measures in Shanghai’s housing market. Vanke s
Mon, Aug 25
Powell’s Dovish Turn Fuels RMB Break Above 7 — The Ripple Effects Go Beyond the Yuan
TradingKey - Federal Reserve Chair Jerome Powell’s speech at the 2025 Jackson Hole symposium unexpectedly reassured markets about a September rate cut. Under the combined influence of domestic and external factors, calls for China’s yuan to appreciate beyond the 7-per-dollar level are growing louder
Mon, Aug 25
Did Powell’s “Rate Cut Rally” Spark a Rotation in the Stock Market? Tech Stocks Start to Lag Behind
TradingKey - Federal Reserve Chair Jerome Powell’s unexpectedly dovish remarks at the Jackson Hole symposium ignited strong bets on a September rate cut and fueled a rebound in U.S. equities. However, for the week, tech stocks — long the market leaders — underperformed. Beyond the relative weakness
Mon, Aug 25
Japan’s Long-Term Bond Yields Surge in Panic-Like Move — Sticky Inflation, Fiscal Fears, and Overseas Buyers Pull Back
TradingKey - After a weak auction of 20-year Japanese government bonds (JGBs) on Tuesday, August 19, concerns over a potential resurgence of the “Japan bond market storm” have intensified.
Fri, Aug 22
