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Callum Thomas
Nov 4, 20172 min read
ChartBrief 163 - Key charts on US Margin Debt
NYSE Margin Debt is an important indicator for US equities as it both reflects sentiment and tracks the amount of leverage and buying...
588 views0 comments
Topdown Charts
Nov 3, 20172 min read
Weekly Macro Themes - 3 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...
169 views0 comments
Topdown Charts
Oct 27, 20172 min read
Weekly Macro Themes - 27 Oct 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
Oct 27, 20172 min read
ChartBrief 162 - Stockmarket Sentiment Surges
Funny things can happen when you mix human psychology with greed and constant stimulus. The seemingly straight-line march upward in the...
227 views0 comments
Callum Thomas
Oct 26, 20172 min read
Passive Investors Beware of Lopsidedness
A curious trend has emerged within one of the world's major equity benchmarks: the S&P500. As passive or index investors should be well...
181 views0 comments
Topdown Charts
Oct 25, 20171 min read
VIDEO: The Fed, Inflation, and Full Employment
In this video we look at the Fed, inflation and full employment. Specifically, the video walks you through a couple of slides of a...
83 views0 comments
Topdown Charts
Oct 18, 20171 min read
VIDEO: TOPIX and the Japanese Yen
In this video we look at the outlook for Japanese equities along with the view on the Japanese Yen and how it ties in with the...
122 views0 comments
Callum Thomas
Oct 18, 20172 min read
ChartBrief 161 - Implied Correlation and SKEW
We hear a lot about the VIX and how volatility is low, but we rarely hear about the VIX's siblings: the CBOE SKEW Index and the CBOE...
381 views0 comments
Callum Thomas
Oct 16, 20172 min read
Is the Unemployment Rate "right"?
The topic of the unemployment rate has come up a lot recently with regards to debates around full employment, wage growth, inflation, the...
194 views0 comments
Callum Thomas
Oct 11, 20172 min read
ChartBrief 159 - Emerging Economies go from Doom to Boom
Quick update today on the latest round of OECD Composite Leading Indicators and an observation on monetary policy trends within emerging...
140 views0 comments
Topdown Charts
Oct 10, 20171 min read
VIDEO: The Big Risk for the US Dollar
In this video we look at the big (upside) risk for the US Dollar Index (DXY). Specifically, the video walks you through a couple of...
1,133 views0 comments
Callum Thomas
Oct 4, 20172 min read
ChartBrief 156 - Critical Signals in PMI-Bond Yield Divergences
First up is an update to the DM composite PMI vs US 10-year treasury chart - the final vs flash PMIs were revised up and that's now...
250 views0 comments
Topdown Charts
Oct 4, 20171 min read
VIDEO: Boring Bears
In this video we look at a section of the report, curiously titled "Boring Bears". Specifically, the video walks you through a couple of...
70 views0 comments
Callum Thomas
Oct 3, 20172 min read
ChartBrief 155 - TED, HY Credit, VIX
Going through the various charts on credit strategy and risk pricing I noticed a couple of interesting and related charts that I thought...
260 views0 comments
Callum Thomas
Oct 2, 20172 min read
A seasonal second wind for the Dollar?
In this article we look at a couple of key potential catalysts that will shape the tactical view on the US dollar at a time when the USD...
245 views0 comments
Callum Thomas
Sep 28, 20172 min read
ChartBrief 154 - Seasonality update: What doesn't go down must go up...
As I write this article the S&P500 is up 1.4% month to date, with a max drawdown of -0.6% - which makes for a relatively joyful...
180 views0 comments
Topdown Charts
Sep 26, 20171 min read
VIDEO: Gold Price Outlook
In this video we look at the short, medium, and long-term outlook for the gold price. Specifically, the video walks through a couple of...
166 views0 comments
Callum Thomas
Sep 26, 20172 min read
ChartBrief 153 - Sentiment update: Euphoria Heights
The preliminary September reading of The Euphoriameter showed a rebound from August to a fresh new 13-year high. All 3 components...
218 views0 comments
Callum Thomas
Sep 25, 20172 min read
Cyclicals vs Defensives PB Ratio at a Cyclical High?
I was running some analysis on cyclical vs defensive sectors and decided to take a look at the price to book ratios. While we can argue...
412 views0 comments
Callum Thomas
Sep 20, 20172 min read
ChartBrief 150 - Passive Quantitative Tightening
As expected (by me and pretty much everyone else) the Fed held interest rates unchanged and announced that it would commence its balance...
1,038 views0 comments
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