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Leo Wang

Leo Wang

Tokyo

Angel Investor, Creator, Speaker, Vibe Coder & Lifelong Learner Managing Partner of PreAngel Fund with 300+ portfolio companies, including 2 NASDAQ-listed, 2 Hong Kong Exchange-listed, and 4 unicorns preparing for IPO.

Don't Put All Your Eggs in One Basket: ETF Concentration and Market Crashes

Don't Put All Your Eggs in One Basket: ETF Concentration and Market Crashes

Through three major historical market crashes (2000 dot-com bubble, 2008 financial crisis, 2020 pandemic shock), this article explains in simple terms how ETF concentration indicators can warn of market risks and how ordinary investors should respond.

鸡蛋别都放一个篮子里：ETF集中度与股灾的那些事儿

鸡蛋别都放一个篮子里：ETF集中度与股灾的那些事儿

通过历史上三次重大股灾（2000年科技泡沫、2008年金融危机、2020年疫情冲击），深入浅出地解释ETF集中度指标如何预警市场风险，以及普通投资者应该如何应对。

When Seven Giants Equal All The World's Dollars: An Impending Liquidity Crisis?

When Seven Giants Equal All The World's Dollars: An Impending Liquidity Crisis?

The Magnificent Seven's combined market cap now nearly equals the entire global M2 money supply. This astonishing data point conceals enormous liquidity risks. History shows us that every time such extreme valuations appear, market corrections are brutal.

当七巨头市值等于全球美元总量：一场即将到来的流动性危机？

当七巨头市值等于全球美元总量：一场即将到来的流动性危机？

美国科技七巨头总市值已接近全球M2货币供应量，这个惊人的数据背后隐藏着巨大的流动性风险。历史告诉我们，每次这种极端估值出现时，市场调整都是血淋淋的。

Bank Lending Standards Tightening: The Leading Indicator of Economic Storms

Bank Lending Standards Tightening: The Leading Indicator of Economic Storms

A deep dive into the bank lending tightening indicator (DRTSCILM), analyzing its role as an economic recession warning signal through historical data comparisons, helping ordinary investors understand and respond to potential financial risks.

银行收紧放贷标准：经济风暴的先行指标

银行收紧放贷标准：经济风暴的先行指标

深入解读银行放贷标准收紧比例(DRTSCILM)这一关键经济指标，通过历史数据对比分析其对经济衰退的预警作用，帮助普通投资者理解和应对潜在的金融风险。

DRTSCLCC Credit Card Lending Tightening Indicator: When Banks Don't Want to Lend to You

DRTSCLCC Credit Card Lending Tightening Indicator: When Banks Don't Want to Lend to You

DRTSCLCC measures the percentage of banks tightening credit card lending standards. Historical data shows it reached 66.7% during the 2008 financial crisis and hit a record 71.7% during the 2020 pandemic. Currently at 10.4%, it indicates moderate tightening worth monitoring but not yet at dangerous