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
A U.S.-EU Currency War? The “Global Euro Moment” Rises as the Weak Dollar Endures
TradingKey - Although tensions in the U.S.-EU tariff war have eased, the era of U.S. exceptionalism continues to fade, with the U.S. dollar weakening in response to President Donald Trump’s aggressive tariff hikes and expansionary fiscal policies.
Wed, May 28
OPEC+’s “Overt Scheme” to Boost Output: Targeting U.S. Shale Oil’s Break-Even Point?
TradingKey - Ahead of the OPEC+ meeting on May 31, international oil prices remained weak. Some analysts believe that OPEC+ is preparing for its third consecutive large-scale production increase, aiming to push crude prices below $60 per barrel — a move designed to challenge the break-even point...
Wed, May 28
What’s Driving the Japanese Bond Sell-Off? The Root — Life Insurers’ Negative Duration Gap
TradingKey - As the Bank of Japan (BoJ) enters a tightening cycle, Japanese government bond (JGB) yields have been rising steadily. However, the recent sharp selloff in Japan bonds appears unusually severe.
Mon, May 26
Angry Musk for Tesla Comeback? “Iron Man” Musk: 7x24 at Work and Sleeping in Factory Rooms
TradingKey - As CEO Elon Musk shifts his focus back from the U.S. Department of Government Efficiency (DOGE) to Tesla’s core businesses — including Autopilot development and robotics — Tesla shares have accelerated their rebound. After reaffirming that he will remain CEO for the next five years...
Mon, May 26
Apple (AAPL) Stock Falls for 8th Straight Day — The Cost of Not Listening to Trump?
TradingKey - Amid escalating tariff threats and concerns over weakening product momentum, Apple (AAPL.US) has seen its stock fall for eight consecutive days, making it the only member of the “Magnificent Seven” tech giants to decline during a broader market rebound in May. Some observers are now...
Mon, May 26
Nippon Steel Shares Rise 5%, though Trump’s Approval of U.S. Steel Deal Still Uncertain
TradingKey - After U.S. President Donald Trump hinted at his support for a planned partnership between Nippon Steel and U.S. Steel, shares of Nippon Steel rose 5% on Monday, May 26. However, Trump’s vague wording suggests that this major acquisition may still face twists and turns ahead.
Mon, May 26
Fannie Mae and Freddie Mac Privatization — Stocks Soar, but Homebuyers May Suffer
TradingKey - On Wednesday, May 21, U.S. President Donald Trump reignited the push to end the government conservatorship of Fannie Mae and Freddie Mac, the two largest mortgage lenders in the United States, and move toward full privatization.
Fri, May 23
Trump’s Bill Faces Tougher Hurdles Ahead — The Senate Has Its Say, the Treasury Market Is Watching the Interest Bill
TradingKey - This not-so-"beautiful" version of the so-called “Beautiful Big Bill” incorporates most of Trump’s policy proposals, but its implications for the fiscal deficit have raised concerns — and it now faces further scrutiny from the Senate and the bond vigilantes.
Fri, May 23
Trump vs. Ivy League: Banning Harvard from Enrolling International Students Is Just the Beginning
TradingKey - Political ideology and economic concerns have fueled escalating tensions between President Donald Trump and U.S. higher education institutions. Recently, the administration took a direct hit at one of the most prestigious universities in the country: Harvard University.
Fri, May 23
Will Trump’s Tax Bill Benefit American Citizens? 3 Major Controversies: SALT, Medicaid Cuts, and Fiscal Deficits
TradingKey - Key questions remain: Does the U.S. still have room for further tax cuts amid its massive fiscal deficit? Will adjustments to the State and Local Tax (SALT) cap truly benefit ordinary Americans or merely enrich the wealthy? Can Congress and society accept the welfare cuts? Will the...
Fri, May 23
CATL and Hengrui’s HK IPOs — Enter a “Hong Kong Revaluation 2.0” Era?
TradingKey - The strong market performance of two Chinese industry leaders — Contemporary Amperex Technology Co. Limited (CATL, 3750.HK) and Hengrui Pharmaceuticals (1276.HK) — following their Hong Kong IPOs has once again drawn global attention to the Hong Kong capital market.
Fri, May 23
Behind Nvidia Huang’s China Outreach: AI Tools Are Struggling to Gain Traction in the U.S.
TradingKey - According to the latest survey by Statista, the adoption and enthusiasm for artificial intelligence (AI) tools like ChatGPT are surprisingly low in the U.S. and European countries, while users in India and China show significantly stronger interest. This data offers insight into why...
Thu, May 22
Target (TGT) Q1 Earnings Disappoint: Trump May Be Taking the Blame for Two Issues
TradingKey - On Wednesday, May 21, U.S. retail giant Target (TGT) reported weak Q1 2025 results and cut its full-year sales outlook, sending shares down more than 5% in pre-market trading.
Wed, May 21
Q1 Hedge Fund Holdings: Increased Exposure to Chinese Tech, Reduced Bets on U.S. Magnificent Seven
TradingKey - First-quarter 2025 Form 13F filings from several top hedge funds show a shift in positioning between Chinese and U.S. tech stocks. Goldman Sachs reported that hedge funds reduced exposure to the U.S. “Magnificent Seven” stocks, while increasing allocations to Chinese technology...
Wed, May 21
All Eyes on the 20-Year Treasury Auction — The First Big Test for U.S. Debt Demand After Moody’s Downgrade
TradingKey - Following Moody’s downgrade of the U.S. sovereign credit rating and growing concerns over Trump’s tax-cutting “Beautiful Big Bill,” global investors are closely watching the upcoming $16 billion auction of 20-year U.S. Treasury bonds, which will serve as the first major test of demand..
Wed, May 21
Tesla Is Back on the Growth Track: Musk Vows to Step Back from Politics and Focus on Building the Business
TradingKey - After months of intense political engagement through the U.S. Department of Government Efficiency (DOGE), Tesla (TSLA) CEO Elon Musk has come to realize the risks of politicizing the Tesla brand.
Wed, May 21
Trouble in U.S. Fiscal Discontinuity: Does a Credit Downgrade Matter? Who Are Bond Vigilantes?
TradingKey - As the world's largest economy, why does the U.S. keep facing fiscal challenges? What does losing the final AAA rating mean for U.S. Treasury bonds? And how will the so-called “bond vigilantes” respond?
Wed, May 21
U.S. Treasuries Weather Downgrade Fears, but Japanese Bonds Collapse — Is the Yen About to Crash?
TradingKey - While global investors are still assessing the implications of the U.S. losing its last AAA sovereign credit rating, a bond auction in Japan collapsed unexpectedly, potentially marking a turning point for the Bank of Japan’s (BoJ) tightening cycle — and raising concerns about an...
Tue, May 20
Moody’s Strips U.S. of AAA Rating — VIX Fear Index Surges 15%! Is a Fiscal Storm Coming?
TradingKey - Following Moody’s downgrade of the U.S. sovereign credit rating last Friday, global investor concerns over the sustainability of U.S. fiscal policy have triggered a sharp rise in market anxiety. On Monday, May 19, the VIX Volatility Index surged by over 15%.
Mon, May 19
U.S. Stands Alone, While the UK and Europe “Hold Hands” — UK-EU Restart Post-Brexit Agenda with First Agreement in Five Years
TradingKey - The Trump administration’s aggressive use of tariffs and confrontational foreign policy has indirectly encouraged greater unity among other nations. On May 19, nearly nine years after voting to leave the EU, the United Kingdom and the European Union reached a landmark agreement to...
Mon, May 19
