Something Strange in a Strange Credit Indicator
As I was going through and updating the various indicators that I monitor something in the credit space surprised me. The NACM CMI (think...
top of page
Search
Callum Thomas
Jan 15, 20183 min read
Sentiment Snapshot: Did somebody say Melt-Up?
I had to think a bit before going with that title. The term "melt-up" is an increasingly overused word, and given this article features...
1,415 views0 comments
Topdown Charts
Jan 8, 20181 min read
VIDEO: Property Bubble in the SCANNZ economies?
In this video we look at the "SCANNZ economies" - carrying on the tradition of other country acronyms such as the BRICS or the PIIGS! ...
174 views0 comments
Callum Thomas
Jan 7, 20182 min read
Sentiment Survey: Furious Bulls
The latest weekly sentiment/positioning survey on Twitter revealed a continuation of some very interesting trends and a new record in...
183 views0 comments
Callum Thomas
Dec 21, 20172 min read
2017 End of Year Special Edition
SPECIAL ANNOUNCEMENT: as a one-off holiday treat we are making the 2017 End of Year Special Edition of the Weekly Macro Themes report...
82 views0 comments
Topdown Charts
Dec 19, 20171 min read
VIDEO: China Macro Tops and Tailwinds
In this video we look at the tops and tailwinds in China as 2018 looms. Specifically, the video walks you through a couple of slides of...
112 views0 comments
Callum Thomas
Dec 18, 20172 min read
Global Equities Have Bad Breadth
Global equities can do little wrong lately, with falling volatility, improving earnings, and an almost straight-line upward march in the...
170 views0 comments
Callum Thomas
Dec 11, 20172 min read
Expect more volatility?
Globally equity volatility is low. For that matter, volatility (both implied and realized) is low across the major asset classes. But...
220 views0 comments
Callum Thomas
Dec 6, 20172 min read
ChartBrief 170 - Economic Noise and the S&P500
This post looks at a curious and obscure indicator on the US economy which has in the past provided some clues on the outlook for the US...
156 views0 comments
Callum Thomas
Dec 4, 20172 min read
What I Learned About the S&P500 from Studying the US IPO Market
The US IPO market shows a familiar ebb and flow to the stock market price cycle. Studying the trends in IPO activity can yield...
138 views0 comments
Callum Thomas
Dec 2, 20172 min read
ChartBrief 169 - December seasonality and the "Santa Claus rally"
The "Santa Claus rally" refers to the tendency for the S&P500 to do well in December, and specifically the last part of December. We can...
306 views0 comments
Topdown Charts
Dec 1, 20172 min read
Weekly Macro Themes - 1 Dec 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...
71 views0 comments
Callum Thomas
Nov 28, 20172 min read
ChartBrief 168 - Institutional investors are selling global equities into strength
For the second month in a row the State Street Investor Confidence Index came in below 100 (the index uses State Street's global...
307 views0 comments
Callum Thomas
Nov 27, 20172 min read
Europhoria - What hot economic sentiment in Europe means for markets
The latest round of PMI data for Europe reflected what we're seeing across the economic sentiment indicators for the Eurozone: i.e. the...
134 views0 comments
Callum Thomas
Nov 27, 20172 min read
ChartBrief 167 - The Extraordinary Plunge in Stockmarket Volatility
Regular readers and followers on social media will be familiar with this chart, but what will probably be surprising is how this...
240 views0 comments
Topdown Charts
Nov 25, 20172 min read
Weekly Macro Themes - 24 Nov 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...
120 views0 comments
Topdown Charts
Nov 16, 20172 min read
Weekly Macro Themes - 17 Nov 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...
151 views0 comments
Callum Thomas
Nov 14, 20172 min read
Do you believe the oil hype?
The geopolitical backdrop in the Middle East is fluid to say the least, and this fluidity has helped the black fluid undertake what is...
511 views0 comments
Topdown Charts
Nov 10, 20172 min read
Weekly Macro Themes - 10 Nov 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...
117 views0 comments
Callum Thomas
Nov 6, 20172 min read
Are US HY Credit Spreads "Too Low"?
In my conversations with clients a common topic of interest is that of US high yield credit spreads. Indeed, it's almost the opposite...
260 views0 comments
bottom of page