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ChartBrief 140 - NACM CMI UP OK?
The NACM (National Association of Credit Managers) CMI (Credit Manager's Index) was up +0.5pts to 55.1 in August, putting it solidly in...
Callum Thomas
Sep 1, 20171 min read


ChartBrief 139 - China PMI vs Dr Copper
The August round of official PMI data from China showed some mixed signals, and a little bit of something for everyone, but overall a...
Callum Thomas
Aug 31, 20172 min read


ChartBrief 138 - Euphoria Peak
The August reading of the "Euphoriameter" showed a small but noticeable move down from what was a more than 12-year high, certainly a...
Callum Thomas
Aug 31, 20172 min read


VIDEO: Is a QT-Tantrum on the way for bond yields?
In this video we look at the prospects for a QT (Quantitative Tightening) tantrum for the bond market. The video walks through a couple...
Topdown Charts
Aug 30, 20171 min read


ChartBrief 137 - Easy jobs, tight labor
The latest consumer confidence survey for the USA ticked up in July, but the key detail or information/signal within the survey comes...
Callum Thomas
Aug 30, 20172 min read


Global Equities: Profit Margin Trends
As global equity markets have moved higher and higher since what was arguably the start of a new bull market in 2016, a number of...
Callum Thomas
Aug 29, 20172 min read


Weekly Sentiment Survey: Fundamental Capitulation
This article reviews the latest weekly sentiment survey we conduct over on Twitter. The survey measures respondents' equity and bond...
Callum Thomas
Aug 28, 20172 min read
Weekly Macro Themes - 25 Aug 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...
Topdown Charts
Aug 25, 20172 min read


ChartBrief 136 - A flash signal for bonds
The August round of flash manufacturing PMIs saw the composite DM flash PMI basically unchanged. This was the product of stronger...
Callum Thomas
Aug 24, 20172 min read


VIDEO: US Dollar - Bull Market Correction?
In this video we look at The US Dollar Index and work through the theory that this could be just a bull market correction. The video...
Topdown Charts
Aug 23, 20171 min read


Bond Market is on the cusp of a QT Tantrum
As attention moves to the upcoming Jackson Hole Economic Symposium (aka global central bank meet up) it's worth taking a look at a couple...
Callum Thomas
Aug 22, 20172 min read
The Monthly Chartbook - One-off Free Download
Topdown Charts is announcing the official launch of the Monthly Chartbook. This report forms a key part of the institutional research...
Topdown Charts
Aug 22, 20172 min read


ChartBrief 135 - The top 10 PE10
Here's a quick scan across countries and regions to find the top (and bottom) PE10. The PE10 is a stock market valuation metric which...
Callum Thomas
Aug 22, 20172 min read


Weekly Sentiment Survey: Correction...
This article reviews the latest weekly sentiment survey we conduct over on Twitter. The survey measures respondents' equity and bond...
Callum Thomas
Aug 21, 20172 min read


ChartBrief 134 - Volatility regime change?
You have to look very closely at the chart, but our alternative measure of volatility has turned up... i.e. the rolling annual count of...
Callum Thomas
Aug 19, 20172 min read
Weekly Macro Themes - 18 Aug 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...
Topdown Charts
Aug 18, 20172 min read


ChartBrief 133 - Commodities a little too quiet..
I noticed something in the commodity charts, or perhaps you could say I noticed something that wasn't in the commodity charts. In other...
Callum Thomas
Aug 17, 20172 min read


ChartBrief 132 - OECD Leading Indicators: Good or Bad?
In this article we take a slightly different view on the OECD Composite Leading Indicators to arrive at a conclusion on the outlook for...
Callum Thomas
Aug 17, 20172 min read


ChartBrief 131 - S&P500 Seasonality Stir
It's very timely to take another look at stockmarket seasonality. The brief panic last week (barely a 2% selloff) actually came at a...
Callum Thomas
Aug 16, 20172 min read


VIDEO: Fed loan officer survey says everything is A-OK
In this video we look at the latest Fed loan officer survey results to see the key trends and insights on loan growth, the economy, and...
Topdown Charts
Aug 16, 20171 min read
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