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Topdown Charts
Jun 6, 20171 min read
VIDEO: Global growth outlook in question
The global manufacturing PMI has peaked, bond yields have rolled over, and growth looks to be more divergent lately, so the global growth...
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Callum Thomas
Jun 6, 20172 min read
The Great Capitulation
A great capitulation is underway in the equity market. And we've seen this type of thing happen only once before. The chart in this...
242 views0 comments
Topdown Charts
Jun 3, 20172 min read
Weekly Macro Themes - 2 June 2017
Here's a brief preview of the topics and charts covered in the latest edition of the Weekly Macro Themes report. To read more and see the...
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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 29, 20172 min read
What to expect when you're expecting returns
This article talks through a recent piece of analysis we did on expected returns. For clarity when I say expected returns I mean a...
123 views0 comments
Topdown Charts
May 28, 20171 min read
VIDEO: US Commercial Property - Echoes of the crisis
In this video we look at a couple of charts on US Commercial Real Estate and how the risks appear to be rising. The charts in the...
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Topdown Charts
May 26, 20172 min read
Weekly Macro Themes - 26 May 2017
Here's a brief preview of the topics and charts covered in the latest edition of the Weekly Macro Themes report. To read more and see the...
182 views0 comments
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 22, 20172 min read
Asian Equities: Barrier or Breakout?
The MSCI Asia Ex-Japan Index is approaching familiar territory. The 750 level was last reached at the height of the Chinese stock bubble...
185 views0 comments
Topdown Charts
May 22, 20171 min read
VIDEO: The long and short of US bond yields
In this video we look at a series of charts on US bond yields from the Weekly Macro Themes report. The main chart of interest shows our...
110 views0 comments
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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Topdown Charts
May 15, 20171 min read
VIDEO: US Dollar Index Outlook
In this video we look at a series of charts on the US Dollar Index or DXY from the Weekly Macro Themes report. The main chart of...
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Callum Thomas
May 12, 20171 min read
Global Equities: Rising Risk of a Pullback
This article looks at a unique indicator for global equities that captures quite a different kind of market breadth: market valuation...
214 views0 comments
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...
177 views0 comments
Callum Thomas
May 1, 20172 min read
A Chart for Gold Bugs and Bashers alike
This week I thought I would focus on a particularly interesting chart for the outlook for the gold price. I think it is particularly...
198 views0 comments
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...
105 views0 comments
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...
509 views0 comments
Topdown Charts
Apr 23, 20171 min read
VIDEO: Where to next for USDCNY?
This video takes a look at one of the topics in the latest edition of the Weekly Macro Themes report - the near term outlook for the...
133 views0 comments
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