top of page
Search
Callum Thomas
Feb 18, 20222 min read
Weekly Macro Themes - 18 February 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...
231 views0 comments
Mike Zaccardi, CFA, CMT
Feb 16, 20222 min read
EMFX Pointing to Better Days Ahead for Emerging Markets?
One of our favorite EMFX price charts features bullish breadth divergence A major sentiment reset in EM stocks could be fuel for better...
116 views0 comments
Callum Thomas
Feb 15, 20221 min read
Chart of the Week - The Fed vs The Stockmarket
Fed Sweet Spot Indicator: Rate hikes, all else equal, tend to be bad for risk assets in that it incrementally removes monetary...
90 views1 comment
Mike Zaccardi, CFA, CMT
Feb 14, 20223 min read
Powell Playing Catch Up
The latest US CPI report further stoked inflation fears as inflation rates spiked Despite a safety-trade on Friday associated with the...
132 views0 comments
Callum Thomas
Feb 12, 20222 min read
Weekly Macro Themes - 11 February 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...
334 views0 comments
Mike Zaccardi, CFA, CMT
Feb 9, 20223 min read
Global Sovereign Rates on the Rise as the US 10yr Yield Breaks Out: What It Could Mean for Stocks
Developed market 10yr rates jump as the US 10yr hurdles the 1.9% figure. The 2% level is in sight as multiple signs point north for...
206 views0 comments
Callum Thomas
Feb 8, 20221 min read
Chart of the Week — Ascending From the Shadows
Shadow Policy Rates on the Rise: Shadow policy rates are designed to factor in the effects of quantitative easing (QE). They present a...
94 views0 comments
Mike Zaccardi, CFA, CMT
Feb 7, 20223 min read
Global inflation trends: hotter and hotter (then cooler?)
Inflation looks set to remain elevated in the near term, and this week’s US CPI report likely reinforces that narrative Inflation...
264 views0 comments
Callum Thomas
Feb 5, 20222 min read
Weekly Macro Themes - 4 February 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...
367 views0 comments
Callum Thomas
Feb 3, 20222 min read
Market Cycle Guidebook - January 2022
We just published our latest "Market Cycle Guidebook", which is one of the main reports in our institutional investment research service....
304 views0 comments
Mike Zaccardi, CFA, CMT
Feb 2, 20223 min read
January Market Musings: USD, Equities, Stock/Bond ratio
US Dollar speculative positioning and bullish sentiment are surging The stocks vs bonds ratio is on shaky footing (wavering momentum and...
171 views0 comments
Callum Thomas
Feb 1, 20221 min read
Chart of the Week - Bank Stock Break Out
Global Banking Stocks: The banking sector has been counted out and dismissed by many investors — partly due to thematic narratives e.g....
59 views0 comments
Mike Zaccardi, CFA, CMT
Jan 31, 20223 min read
Energy Sector: where there’s smoke (aka carbon emissions), there’s fire
Energy, while being up huge since late 2020, is still attractive Cheap relative valuations, suddenly strong fundamentals, and still...
162 views0 comments
Callum Thomas
Jan 28, 20222 min read
Weekly Macro Themes - 28 January 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...
437 views0 comments
Callum Thomas
Jan 26, 20221 min read
Chart of the Week - Mortgage Servicing Costs
Higher Borrowing Costs for Mortgages: One consequence of the Fed policy pivot is higher bond yields in turn creating higher borrowing...
114 views0 comments
Mike Zaccardi, CFA, CMT
Jan 24, 20222 min read
Emerging Markets Catch Momentum Amid Light Investor Allocations
Most EM central banks are raising interest rates while DM policymakers are just beginning to tighten monetary policy After weak 2021...
423 views0 comments
Callum Thomas
Jan 21, 20222 min read
Weekly Macro Themes - 21 January 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...
295 views0 comments
Mike Zaccardi, CFA, CMT
Jan 20, 20222 min read
Latin America: A Source of Emerging Value?
Valuations are not far from historic lows among Latin American stocks After falling more than 30% during the second half of 2021, this...
281 views0 comments
Callum Thomas
Jan 20, 20221 min read
Chart of the Week - Crude Oil Capex Collapse
Crude Oil Supply Tailwinds: Crude oil has been quietly achieving, and I would say overall the path of least resistance is still higher...
135 views0 comments
Mike Zaccardi, CFA, CMT
Jan 17, 20223 min read
Assessing Macro Risks: Russia/Ukraine
Russian CDS pricing rises on escalating tensions with Ukraine Sovereign bond yields have climbed to levels not seen since the COVID crash...
256 views0 comments
bottom of page