Chris Wang

Chris Wang is an Owner and Portfolio Manager at Runnymede Capital Management, a family-owned investment firm that has served institutions and high-net-worth individuals with integrity for over 20 years. The firm has a unique record of protecting clients’ assets from major “financial hurricanes” and offers a one-of-a-kind service sector strategy. Runnymede was named Best Customer Service in Investment Management at the 2012, 2013 and 2014 Captive Service Awards and nominated 2008 Manager of the Year by Financial Investment News.

Chris was recently named one of the Top 100 Most Social Financial Advisors by Brightscope. He is a contributor to Huffington Post and Seeking Alpha; and he has been quoted in major investment publications including Barron's and Forbes. Mr. Wang graduated magna cum laude with a B.S. in Business Administration from the University of Richmond. He is married, has a beautiful daughter, and is a diehard New York Mets fan.

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Recent Posts

Starbucks betting big on China - opens world's biggest cafe in Shanghai

Starbucks is opening its biggest outlet ever on Wednesday in Shanghai and the company is expecting huge crowds to experience the 30,000 square foot store. The "Starbucks Reserve Roastery" is on Nanjing Road West, the city's most famous shopping street and has been heavily promoted for months on social media. Starbucks has big ambitions in China and this puts the exclamation point on its intentions.

Bitcoin mania will end in tears

Unless you are living under a rock, you surely have heard of bitcoin as it surpassed the $10,000 mark yesterday and briefly topped $11,000. You may have no idea what it is or how it works but the stories of kids turning into multimillionaires in short order are undoubtedly tickling your greedy side. We are all human and can't resist the thought of turning a few dollars into millions and then enjoying ourselves sipping a drink with a tiny umbrella on some exotic beach. But please heed my warning. The bitcoin mania will end in tears for most investors (especially those considering buying late in the game) and unless you are in it for a quick buck and trade, then please don't give into temptation.

Growth alert: New home sales hit 10-year high

Sales of new single-family homes surprised economists in October to the upside. Sales rose last month hitting their highest level in 10 years amid robust demand across the country. The Commerce Department said new home sales increased by 6.2 percent to a seasonally adjusted annual rate of 685,000 units. That was the highest level since October 2007 and followed September's strong 645,000 units. It was the third straight month of rising new home sales growth showing the strength underpinning the US economy.

Dr. Robot? Chinese robot is the first to pass a medical exam

In China, a robot has passed the written test of their national medical licensing exam, an essential entrance exam for doctors, making it the first robot in the world to pass such an exam. While many people will worry about how this will affect jobs in the future, the initial impact should be extremely positive in assisting doctors to analyze data faster and more comprehensively than ever before. This could also help to reduce healthcare cost while improving outcomes.

'Tis the season to be bullish

We are just a week away from Thanksgiving and then the holiday season really kicks into high gear. While many headlines warn of overvaluation and Grinch predictions of market pullbacks, Runnymede remains bullish. Since last summer, we have been beating the drum on strong global earnings driving stock markets higher and higher. Nothing has stopped the above trend profit growth and now we are in the strong seasonal part of the year.

China's Single's Day shatters records as the biggest sales day anywhere on the planet

Black Friday and Cyber Monday are famous in the US for the big discounts and therefore big spending. In China, they created their own version called Single's Day -- on November 11 or 11/11, which began as a protest of sorts against Valentine's Day, propelled by college students in the 1990s. To show the incredible buying power of the Chinese consumer, in just the first two minutes of shopping, over $1 billion was spent at Alibaba alone and by the end of the 24 hours, Alibaba's sales hit a record of $25.3 billion, more than 40 percent higher than Singles Day 2016. Yes 40 percent growth! JD.com, the #2 retailer in China, sold $19.1 billion!

European junk bonds pose systemic risk in next downturn

This week, Fitch Ratings warned that record junk bond prices combined with risky corporate bond issuance is creating "increasing uncertainty" and is raising the chances of a sharp turnaround in the European high-yield, aka junk bond, credit market. Thanks to massive quantitative easing by the European Central Bank, yields on Euro junk bonds have been dropping steadily since early 2016 when the ECB began buying huge amounts of corporate debt. The most popular benchmark for European junk bonds fell below two percent for the first time ever last week. This is flat out crazy as investors are taking significant risk for just a two percent yield, less than a 5-year US Treasury Note which is considered the safest bond in the world. Fitch warned that recent market calm and the distorting impact of monetary policy "obscure the true risk-return dynamics faced by investors."

Trump goes with safe pick for next Fed chair

President Trump made a safe pick for the next Fed Chair in Jerome Powell. This isn't the typical Trumpian move as he didn't make a non-traditional pick to replace Janet Yellen. We recently wrote about the possibility of John Taylor and viewed it as unlikely because Taylor would likely want to raise rates faster than the current Fed.

My 10th anniversary on Kiva

This morning I received an email in my inbox from Kiva that reminded me today marks my 10th anniversary since joining the incredible microfinancing online platform. To celebrate, I made my 2500th loan which went to the Sreyhach's Group in Cambodia. Sreyhach makes a living cultivating rice and she does extra works as a farmer to support her family. In her village there is no reliable access to safe, clean drinking water. Having a water filter at home will help Sreyhach safeguard the health of her family, save money on medical expenses and save time collecting fuel and boiling water. We are truly blessed living in the US and it is hard to imagine living in Cambodia where you are lucky to make $1/day. In addition, imagine a life where you have no clean water. I dream of a day that everyone around the world has access to clean water and at least their basic needs met.

Taylor rule could spike interest rates higher

President Trump is said to be considering tapping Stanford economist John Taylor as the next Fed Chairman. If Taylor gets the nod, it is possible that the Fed adopts the Taylor rule to set the Fed funds rates. The so-called Taylor rule is a formula that he proposed in 1993 for setting the federal funds rate -- the overnight bank lending rate used by the Fed to fight inflation or stimulate the economy. It challenges the Fed’s traditional reliance on the Federal Open Market Committee’s ad hoc judgment.

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Please remember that past performance may not be indicative of future results.  Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Runnymede Capital Management, Inc.-"Runnymede"), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful.  Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions.  Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from Runnymede.  Please remember that if you are a Runnymede client, it remains your responsibility to advise Runnymede, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, or if you would like to impose, add, or to modify any reasonable restrictions to our investment advisory services. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Runnymede is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. A copy of the Runnymede's current written disclosure Brochure discussing our advisory services and fees is available for review upon request. Please Note: Runnymede does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Runnymede's web site or blog or incorporated herein, and takes no responsibility for any such content. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.