ChartBrief 85 - Are we all wrong about volatility?
A number of commentators have pointed out the divergence between economic policy uncertainty indexes and the VIX or equity volatility. ...
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Callum Thomas
Jun 13, 20172 min read
ChartBrief 84 - Know this chart, know the Fed
With the FOMC meeting underway at the time of writing, it's worth going through one of my favorite #FedCharts - and it is one that in my...
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Callum Thomas
Jun 11, 20172 min read
ChartBrief 83 - An average year for the S&P500
Seasonality is something that matters in markets, economics, and life! Most people have heard of the term "sell in May" (and the rest of...
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Callum Thomas
Jun 1, 20172 min read
ChartBrief 82 - Institutional investor confidence indicates capitulation
The May reading of the global State Street Investor Confidence Index rose +5.1 pts to 102.5 which indicates institutional investors are...
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Callum Thomas
May 31, 20171 min read
ChartBrief 81 - China PMI muddles along in May
China just released it's May official PMI data, and overall the results are fairly benign, and on the surface not much to change the view....
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Callum Thomas
May 25, 20171 min read
ChartBrief 80 - Global Trade Growth Trends
Since the global synchronized economic rebound that got underway in the middle of last year, one key standout and something I've been...
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Callum Thomas
May 23, 20172 min read
ChartBrief 79 - DM PMI Still Points to Higher Yields
The latest round of flash manufacturing PMIs for May saw the Eurozone in the lead up +0.3 to 57.0 and USA trailing behind, down -0.3 to...
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Callum Thomas
May 17, 20172 min read
ChartBrief 78 - Commodities Crossroads
Commodities are at a crossroads (as an asset class, i.e. looking at the broad investable index, in this case the GSCI Light Energy Index)....
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Callum Thomas
May 16, 20172 min read
ChartBrief 77 - Keep an eye on the CLIs
The latest round of the OECD Composite Leading Indicators [CLI] showed on the surface a fairly rosy assessment of the global economic...
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Callum Thomas
May 3, 20171 min read
ChartBrief 76 - Wobbles in global growth
While the manufacturing PMIs are notoriously volatile series month-to-month, they give us the most timely and relatively high frequency...
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Callum Thomas
Apr 30, 20172 min read
ChartBrief 75 - China and the transition from bad to OK
The China official (National Bureau of Statistics) PMI results for April showed a clearly weaker result than March, but with most of the...
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Callum Thomas
Apr 29, 20171 min read
ChartBrief 74 - Commodities have bad breadth
Commodity market breadth measures show a market that looks vulnerable. The below charts apply market breadth measures to the GSCI (Light...
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Callum Thomas
Apr 25, 20171 min read
ChartBrief 73 - Eurozone vs USA, whose economy is doing better?
As we covered a few days ago, looking just at the manufacturing PMIs it is clear that the Eurozone economy is looking much stronger than...
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Callum Thomas
Apr 21, 20171 min read
ChartBrief 72 - Global Flash PMI: A Divergence
The global flash manufacturing PMI was basically unchanged in April as improvement in Europe and Japan offset further slowing in the US...
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Callum Thomas
Apr 19, 20171 min read
ChartBrief 71 - US Housing Market Outlook
This week we got the NAHB Housing Market Index for April - a key gauge of US housing market health. The index fell slightly to 68 (vs...
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Callum Thomas
Apr 18, 20172 min read
ChartBrief 70 - Trends in Asset Allocation
This article looks at two lenses on individual investor asset allocations. Doing this allows us to have a gauge for where the average...
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Callum Thomas
Apr 10, 20172 min read
ChartBrief 69 - Margin Debt Acceleration
For some reason there seems to be a lot of people obsessed with and almost losing sleep about the level of US margin debt. In fairness...
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Callum Thomas
Apr 5, 20171 min read
ChartBrief 68 - A new bull market in Silver?
Probably a lot of people look at the longer term chart of silver and the first thing they see is the massive bull market that peaked in...
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Callum Thomas
Apr 3, 20172 min read
ChartBrief 67 - Global trade winds warming up
One thing I’ve been watching closely over the last couple of years is the pace of global trade growth. In the lead up to the market...
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Callum Thomas
Mar 29, 20172 min read
ChartBrief 66 - The Implications of Implied Correlations
As the recent selloff in the S&P 500 looks to be over before it really even got started, I thought it would be worth highlighting an...
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