Joanna Shen is positive on Chinese hardware (self-sufficiency theme) and sees AI as a structural driver for Asian equities. She believes we are in early adoption phase, not a bubble. Key risks are earnings delivery and elevated oil prices. She recommends telcos as a defensive hedge.
Yields
explicit
RUT
explicit
Metals
USD
JPMorgan
9.0
Investment Bank $3170.00B
Joanna Shen 8.0
Investment Bank $3170.00B
Joanna Shen 8.0
5/13/2026 8:05:25 AM
dxy
No explicit dollar direction; the focus is on Asian equity markets.
| 5/12/2026 2:35:01 PM | short term up | 5 days later | +0.50% | +0.50% |
| 4/23/2026 3:15:36 PM | medium term down | 20 days later | +0.38% | -0.38% |
| 3/16/2026 6:26:04 PM | short term up | 6 days later | -0.63% | -0.63% |
| 3/9/2026 6:55:49 AM | short term sharp up | 6 days later | +0.89% | +1.34% |
| 3/4/2026 2:05:06 PM | medium term cautious down | 20 days later | +0.28% | -0.14% |
| 2/24/2026 12:51:39 PM | medium term cautious down | 20 days later | +1.92% | -0.96% |
| 2/23/2026 2:58:04 PM | medium term cautious down | 20 days later | +1.87% | -0.93% |
| 2/12/2026 8:51:59 AM | medium term cautious up | 20 days later | +2.52% | +1.26% |
| 1/29/2026 8:11:16 PM | long term cautious down | 60 days later | +3.06% | -1.53% |
| 1/29/2026 5:15:49 PM | medium term cautious down | 20 days later | +0.97% | -0.48% |
| 1/29/2026 2:52:04 PM | short term cautious down | 5 days later | +0.65% | -0.32% |
metals
AI data center buildout requires metals (copper, etc.) for power management and cooling equipment, supporting demand.
| 5/1/2026 3:08:28 PM | short term up | 7 days later | +9.41% | +9.41% |
| 3/16/2026 8:12:49 AM | long term up | 62 days later | -6.74% | -6.74% |
| 2/4/2026 5:57:57 PM | medium term up | 20 days later | +12.19% | +12.19% |
| 1/30/2026 12:46:06 AM | short term up | 7 days later | +6.99% | +6.99% |
| 1/13/2026 2:12:43 PM | medium term up | 20 days later | -0.60% | -0.60% |
| 12/12/2025 1:23:20 PM | long term up | 60 days later | +17.36% | +17.36% |
| 12/10/2025 9:48:13 PM | short term up | 5 days later | +1.03% | +1.03% |
| 11/18/2025 1:29:07 PM | medium term sharp up | 20 days later | +8.23% | +12.34% |
| 9/30/2025 10:13:15 PM | short term sharp up | 5 days later | +2.67% | +4.01% |
ndx
AI is a structural backbone. Consensus is looking at 32% earnings growth this year, driven by AI.
| 5/13/2026 12:36:48 AM | short term cautious down | 5 days later | -2.57% | +1.29% |
| 5/13/2026 12:34:18 AM | short term cautious down | 5 days later | -2.57% | +1.29% |
| 5/12/2026 6:08:55 PM | short term cautious down | 5 days later | -1.27% | +0.63% |
| 3/16/2026 6:26:04 PM | short term up | 6 days later | -2.39% | -2.39% |
| 2/24/2026 12:51:39 PM | medium term cautious up | 20 days later | -2.17% | -1.08% |
| 12/10/2025 9:48:13 PM | short term up | 5 days later | -2.16% | -2.16% |
| 11/18/2025 7:37:06 PM | short term cautious down | 5 days later | +0.95% | -0.47% |
| 11/18/2025 1:29:07 PM | short term cautious down | 5 days later | +0.95% | -0.47% |
| 10/3/2025 8:26:15 AM | medium term up | 21 days later | +3.37% | +3.37% |
| 10/2/2025 2:34:39 PM | short term cautious up | 5 days later | +1.42% | +0.71% |
| 9/30/2025 3:03:56 PM | medium term up | 20 days later | +1.32% | +1.32% |
| 9/30/2025 2:47:47 PM | medium term cautious up | 20 days later | +1.32% | +0.66% |
| 9/10/2025 6:33:02 PM | medium term up | 20 days later | +3.37% | +3.37% |
| 8/28/2025 10:33:52 PM | short term up | 5 days later | -+0.00% | -+0.00% |
| 8/7/2025 4:17:53 PM | medium term up | 20 days later | +0.39% | +0.39% |
| 8/5/2025 6:19:07 PM | short term up | 5 days later | +0.91% | +0.91% |
rut
No mention of US small caps; the focus is on Asian equities and AI supply chain.
| 8/8/2025 2:04:22 AM | medium term cautious down | 22 days later | +6.12% | -3.06% |
wti
If oil prices stay at elevated level, there is possibility that it will erode margins either through higher input prices or demand destruction.
| 5/13/2026 12:36:48 AM | short term up | 5 days later | +6.52% | +6.52% |
| 5/12/2026 8:21:02 PM | short term up | 5 days later | +7.56% | +7.56% |
| 5/12/2026 5:23:45 PM | short term cautious up | 5 days later | +7.56% | +3.78% |
| 5/12/2026 2:41:08 PM | short term up | 5 days later | +7.56% | +7.56% |
| 5/12/2026 12:00:24 AM | short term sharp up | 5 days later | +7.56% | +11.34% |
| 5/11/2026 3:12:21 PM | short term cautious up | 6 days later | +6.34% | +3.17% |
| 5/5/2026 9:11:37 AM | short term cautious up | 5 days later | +3.14% | +1.57% |
| 4/20/2026 6:16:40 PM | medium term cautious down | 20 days later | +6.45% | -3.22% |
| 4/9/2026 8:26:09 PM | medium term cautious down | 20 days later | +8.80% | -4.40% |
| 3/27/2026 4:46:35 PM | short term up | 7 days later | +9.26% | +9.26% |
| 3/16/2026 6:26:04 PM | short term cautious up | 6 days later | -8.40% | -4.20% |
| 3/4/2026 8:50:44 AM | short term up | 5 days later | +3.01% | +3.01% |
| 3/3/2026 2:24:23 PM | short term sharp up | 5 days later | +26.94% | +40.40% |
| 3/3/2026 11:01:30 AM | short term up | 5 days later | +26.94% | +26.94% |
yields
No explicit yield direction; the discussion is on equity earnings and AI investment.
| 5/5/2026 9:11:37 AM | short term cautious up | 5 days later | +1.24% | +0.62% |
| 4/30/2026 2:45:27 AM | short term up | 5 days later | -0.50% | -0.50% |
| 4/30/2026 2:09:30 AM | short term cautious up | 5 days later | -0.50% | -0.25% |
| 4/30/2026 1:27:38 AM | short term cautious up | 5 days later | -0.50% | -0.25% |
| 4/29/2026 12:00:22 AM | medium term sharp down | 20 days later | +4.15% | -6.22% |
| 3/31/2026 2:37:12 PM | medium term cautious up | 20 days later | -0.63% | -0.31% |
| 3/13/2026 9:15:48 PM | short term up | 7 days later | +2.70% | +2.70% |
| 3/11/2026 11:21:40 PM | short term up | 5 days later | -1.66% | -1.66% |
| 3/5/2026 1:17:37 AM | short term cautious up | 5 days later | +1.81% | +0.91% |
| 2/6/2026 5:06:02 PM | medium term cautious down | 21 days later | -3.57% | +1.79% |
| 12/11/2025 1:18:26 AM | short term down | 5 days later | -1.03% | +1.03% |
| 12/10/2025 9:25:29 AM | medium term cautious down | 20 days later | +0.53% | -0.27% |
| 12/1/2025 2:17:57 PM | medium term up | 20 days later | +2.03% | +2.03% |
| 11/21/2025 1:54:47 PM | medium term up | 21 days later | +3.57% | +3.57% |
| 11/7/2025 6:12:18 PM | medium term cautious down | 21 days later | -0.34% | +0.17% |
| 11/4/2025 12:53:31 PM | medium term cautious up | 20 days later | -3.73% | -1.86% |
| 10/30/2025 1:40:41 PM | medium term cautious up | 20 days later | +0.12% | +0.06% |
| 10/29/2025 8:30:24 PM | short term cautious down | 5 days later | -0.10% | +0.05% |
| 10/21/2025 2:15:04 PM | short term cautious down | 5 days later | +1.11% | -0.56% |
| 10/16/2025 5:42:00 PM | medium term cautious up | 20 days later | +2.15% | +1.07% |
| 10/1/2025 3:11:20 PM | medium term cautious down | 20 days later | -3.30% | +1.65% |
| 9/30/2025 10:13:15 PM | medium term cautious down | 20 days later | -3.48% | +1.74% |
| 9/22/2025 5:25:48 PM | medium term up | 20 days later | -1.67% | -1.67% |
| 9/17/2025 6:49:25 PM | medium term cautious down | 20 days later | +0.61% | -0.30% |
| 9/11/2025 11:57:02 PM | medium term cautious up | 20 days later | +0.66% | +0.33% |
| 9/11/2025 4:51:16 PM | short term down | 5 days later | +0.37% | -0.37% |
| 9/10/2025 9:53:06 PM | short term cautious down | 5 days later | +0.37% | -0.19% |
| 9/10/2025 6:33:02 PM | short term cautious down | 5 days later | +0.37% | -0.19% |
| 8/28/2025 1:07:30 PM | short term cautious down | 5 days later | -0.38% | +0.19% |
| 8/15/2025 9:10:00 PM | short term cautious down | 7 days later | -1.52% | +0.76% |
| 8/12/2025 4:29:28 PM | medium term cautious up | 20 days later | +0.92% | +0.46% |
| 8/8/2025 2:04:22 AM | short term cautious down | 7 days later | +1.59% | -0.80% |
| 8/4/2025 11:59:32 PM | short term down | 6 days later | +1.84% | -1.84% |
