The Hunt for Cash Flow: Digging into MLPs
The Alerian MLP Index is up strongly YTD and has broken a multi-year downtrend Value and dividend themes have been relative winners this...
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Callum Thomas
- Apr 26, 2022
- 1 min
Chart of the Week - Bond Yields and Inflation
Treasury Yields and the Long-Term Rate of Inflation: A lot of people have gotten excited about the surge in annual inflation rates, but...
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Mike Zaccardi, CFA, CMT
- Apr 25, 2022
- 2 min
The Ups and Downs of Inflation Expectations
Breakevens soar to new highs as the bond market rout continues Inflation for longer was the theme last week with the 5y5y swap shooting...
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Callum Thomas
- Apr 23, 2022
- 2 min
Weekly Macro Themes - 22 April 2022
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...
192 views0 comments
Mike Zaccardi, CFA, CMT
- Apr 21, 2022
- 2 min
Gold Climbs Despite Macro Headwinds
A multi-year high in the US Dollar seems to be no problem for the price of gold Rising real yields, typically a bearish macro driver,...
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Callum Thomas
- Apr 19, 2022
- 1 min
Chart of the Week - Gold Miners vs Energy Producers
Gold Miners Left Behind: This curious chart shows the total assets under management in US equity sector ETFs focused on energy (i.e....
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Mike Zaccardi, CFA, CMT
- Apr 14, 2022
- 2 min
Bond Fund Flow Capitulation
Global bond yields breakout to fresh 7-year highs as market participants expect upwards of 250bps of Fed rate hikes in 2022 US fixed...
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![The 12 Charts to Watch in 2022 [Q2 Update]](https://static.wixstatic.com/media/542496_72b35aefa431442897ff2c8118c675c4~mv2.png/v1/fill/w_454,h_341,fp_0.50_0.50,q_95,enc_auto/542496_72b35aefa431442897ff2c8118c675c4~mv2.png)
Callum Thomas
- Apr 13, 2022
- 9 min
The 12 Charts to Watch in 2022 [Q2 Update]
Welcome to Q2! What a crazy quarter we just lived through (but then again, that could be an evergreen statement for the 2020's!). In...
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Callum Thomas
- Apr 12, 2022
- 1 min
Chart of the Week - The “SCANNZ Economies“
Pondering the Probability of Echo-Crises: The SCANNZ economies (Sweden, Canada, Australia, Norway, New Zealand) share an interesting set...
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Mike Zaccardi, CFA, CMT
- Apr 11, 2022
- 3 min
Mortgage Rates Soar: Recession Risks Ahead
Mortgage News Daily reported that the average 30-year mortgage topped 5% late last week (almost double the rates on offer back in...
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Callum Thomas
- Apr 11, 2022
- 2 min
Market Cycle Guidebook - March 2022
We just published the latest "Market Cycle Guidebook", which is one of the main reports in our institutional investment research service....
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Callum Thomas
- Apr 10, 2022
- 2 min
Weekly Macro Themes - 8 April 2022
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...
137 views0 comments
Mike Zaccardi, CFA, CMT
- Apr 6, 2022
- 3 min
What are Spreads Saying?
US investment grade and high yield spreads jumped earlier this year, but then retreated in late March (albeit within an uptrend). Recent...
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Callum Thomas
- Apr 6, 2022
- 1 min
Chart of the Week - Global Policy Pivot
Monetary Policy from Tailwind to Headwind: Last year I counted 123 rate hikes across 41 central banks… meanwhile already so far this...
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Mike Zaccardi, CFA, CMT
- Apr 4, 2022
- 3 min
Global Policy Tightening: Headwinds Rising
The second quarter will undoubtedly feature an acceleration in the trend of higher central bank policy rates The US Federal Reserve will...
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Callum Thomas
- Apr 2, 2022
- 2 min
Quarterly Strategy Pack - Q2 2022
The Q2 edition of our Quarterly Strategy Pack was just sent to clients The slide pack covers the key themes/charts on the outlook for...
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Mike Zaccardi, CFA, CMT
- Mar 30, 2022
- 2 min
Value vs Growth Rally Stalls, Where-to Next...
US growth stocks have rallied big off the mid-month low while value has underperformed: un-rotating some of the previous rotation. Is...
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Callum Thomas
- Mar 29, 2022
- 1 min
Chart of the Week - Vertiginous Valuations
Valuation Cohorts — The Upper Reaches of Expensiveness: This chart presents the price to book ratio picture across the...
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Mike Zaccardi, CFA, CMT
- Mar 28, 2022
- 3 min
Figuring Out Frontier Market Equities
A global agricultural commodity crisis could trigger trouble for smaller/developing frontier nations (but) The MSCI Frontier Index is...
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Callum Thomas
- Mar 26, 2022
- 2 min
Weekly Macro Themes - 25 March 2022
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...
257 views0 comments
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