Global sovereign bonds caught a bid during the back half of May after a sentiment washout and classic contrarian bottoming signal. Hot...

Renewables vs Fossils: The relative performance of clean energy vs fossil fuel stocks has featured some wild boom/bust cycles over the...

US small-cap stocks surged as hopes of a cyclical boom permeated in late 2020 and early 2021 That optimism did not materialize quite as...

Here's a brief overview of the topics and charts covered in the latest edition of the Weekly Macro Themes report. I send this report out...

US economic growth fears have cascaded to the dollar as the greenback has pulled back over the last two weeks Disappointing corporate...

European Equities — Sentiment vs Stocks: After a very promising looking - almost textbook breakout last year, European equities have...

EM stocks have staged a relative rally vs US shares of late, but there is outperformance specifically among EM ex-Asia vs EM Asia Latin...

Here's a brief overview of the topics and charts covered in the latest edition of the Weekly Macro Themes report. I send this report out...

Relative strength has been seen in the S&P 500 Buy Back Index The index is heavy into financials and discretionary and comparatively...

Bubble-Bursting Bear-Market: The major drivers of strength in global equities since the market bottom in 2009 (and ensuing decade-long...

After a historic two years, we're pivoting from bullish to bearish on commodities. Weakening technicals, crowded positioning, and the...

Here's a brief overview of the topics and charts covered in the latest edition of the Weekly Macro Themes report. I send this report out...

Hard and soft commodities have come under pressure amid a deteriorating global growth landscape (remember: no demand = no...

Credit Spreads vs Lending Standards: The latest Fed loan officer survey (which asks banks whether they are making it easier/harder for...

Healthcare, Staples, and Utilities continue to outperform as selling intensifies in the growth style Investor positioning is still light...

Here's a brief overview of the topics and charts covered in the latest edition of the Weekly Macro Themes report. I send this report out...

The US Dollar Index notched a very strong April amid turmoil in Europe and Asia Traditional asset class relationships have bucked trends...

Global Earnings Revisions — Market Going “ex-Growth“? This chart shows the breadth of earnings revisions momentum (ratio of upgrades to...

April ended with a huge drubbing for risk assets A sharp rise in global interest rates hurt high-duration stocks the most, but sellers...

Here's a brief overview of the topics and charts covered in the latest edition of the Weekly Macro Themes report. I send this report out...