GYC Insights

An extensive library of financial articles rooted in research and data-science, written with the experience of decades in the industry.

Carl Chay Carl Chay

Are US Treasuries in Trouble?

Many investors are worried by the May 16 news that Moody’s downgraded the US government’s debt from AAA to AA. What headlines will usually leave out is that the other 2 ratings agencies did so years ago (S&P, Aug 2011. Fitch, Aug 2023)

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Carl Chay Carl Chay

The Gold Rush

The price of gold has done nothing but go up since 2023. Possible reasons include central banks, tariffs, USD depreciation, recession risks, etc. The common theme for these reasons? Uncertainty in financial markets.

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Carl Chay Carl Chay

Two Conditions to Time The Market

A survey of investor expectations of the stock market showed that the general consensus that now is not a good time to invest, with the recent tariff turmoil, high uncertainty, and low returns. The funny thing is the response was the exact opposite barely 3 months earlier.

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Carl Chay Carl Chay

Are You Protected from SGD Appreciation?

The appreciation of SGD can create a strange situation where you have relatively increased buying power, while also likely experiencing a decrease in your portfolio returns. Are your portfolios poised to handle these fluctuations?

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Bruce Tan Bruce Tan

Markets (seem) to Be Undergoing a Change

Bonds, an effective diversifier to equity market losses. Enter 2022 with double-digit losses. US stocks dominating market returns, outpacing international markets in 12 out of the last 15 years. Enter 2025, currently -10%, with a maximum decline of -19.2%. There is no market rule that won’t be broken eventually.

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Carl Chay Carl Chay

Is The Recession Here Already?

After years of recession forecasts, is the recession finally here? Currently it’s too soon to say, but it seems like investors expect is that tariffs would affect company earnings over the next year.

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Carl Chay Carl Chay

Why The Penguins?

The announcement and the varying severity of the tariffs do not appear to be well thought out, and as a funny factoid, included obscure islands with zero humans and only penguin inhabitants. What does this brashness mean for markets?

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Carl Chay Carl Chay

Market’s Worrying You? Read This

Snappy headlines concerning markets have been rampant, with mixed reports about the future of the US economy — is your portfolio going to be alright?

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Bruce Tan Bruce Tan

Be Aware of this Risk in Retirement

Like mountain climbing, the descent into retirement can be dangerous without a guide. But with a skilled adviser and the right tools, it can be an exciting journey —not a stressful one.

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Carl Chay Carl Chay

Tariff-ic Times

Markets always swing between fear and euphoria based on the prevailing news. A well-thought-out investment plan and proper portfolio construction will help you to stay seated during uncertain times and cut through the market noise.

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Bruce Tan Bruce Tan

Afraid of Opportunities

Many investors are overly fearful of being wrong, so they are late to invest in markets with great potential. At GYC, our data-driven approach cuts through the noise and we are positioned to capitalise on opportunities when they arise and nimble enough to respond if conditions deteriorate to conserve capital.

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Carl Chay Carl Chay

Are We There Yet?

Market volatility often sparks recession fears, but nobody has been able to accurately forecast the timing of a recession. As markets react ahead of economic news, selling in uncertainty may result in missed opportunities.

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Carl Chay Carl Chay

Everything Screams Recession

The recent sell-off coupled with headlines designed to catch your attention with implied recession pronouncements can leave investors feeling grim, but the data and market indicators suggest that this market dislocation possibly presents a wealth creation opportunity.

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Bruce Tan Bruce Tan

Dividends: Does It Help Investors?

Professor Siegal shows that over the long term, stocks that paid the highest levels of dividends had lower risk and higher returns, but correlation does not always mean causation — let’s look at the data more granularly.

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