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Chart Of The Week: Cyclicals Vs. Defensives (Defcon?)
I noticed something particularly interesting during the stock market correction last week, and I don't think many are paying this...
Callum Thomas
Oct 19, 20181 min read


VIDEO: Top 5 Charts of the Week
In this video we run through the free weekly email newsletter "The Top 5 Charts of the Week" and add a bit of extra comments and context....
Topdown Charts
Oct 18, 20181 min read


Chart: Global Consumer Confidence and Global Equities
One of my favorite things to do is discover and utilize somewhat obscure, new, misunderstood, or underutilized datasets. Or indeed, to...
Callum Thomas
Oct 17, 20182 min read


Chart: US Cyclicals vs Defensives
Quick chart-flash. The path of global cyclicals vs defensives has been something I have been very focused on, as both a leading...
Callum Thomas
Oct 11, 20181 min read


Chart: OECD Leading Indicators vs Global Equities
The latest round of OECD leading indicator data showed ongoing softness in the breadth across countries - which is an interesting and...
Callum Thomas
Oct 10, 20181 min read


Chart: Leveraged ETFs and Portfolio Cash Allocations - Investors go "All-In"
When I first shared this chart I thought it was kind of interesting to see leveraged long ETF assets surge in the lead up to the market...
Callum Thomas
Sep 29, 20182 min read


VIDEO: Top 5 Charts of the Week
In this video we run through the free weekly email newsletter "The Top 5 Charts of the Week" and add a bit of extra comments and context....
Topdown Charts
Sep 27, 20181 min read


Chart: Global Institutional Investor Confidence Slumps
This is an interesting, if obscure, indicator (at least not many people talk about it)... particularly so with the latest results. The...
Callum Thomas
Sep 27, 20182 min read


Chart Of The Week: Japanese Profit Margins Are Breaking Out!
Something very interesting is going on with Japanese equities. No, it's not the Bank of Japan buying up equities as part of its QE...
Callum Thomas
Sep 26, 20181 min read
Weekly Macro Themes - 21 Sep 2018
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
Sep 21, 20181 min read


Chart: S&P500 Bulls vs Bears - The Long Term View
This is one of my old favorite charts. It looks at the combined, smoothed longer-term trend in investor sentiment from the AAII survey...
Callum Thomas
Sep 21, 20181 min read


VIDEO: Top 5 Charts of the Week
In this video we run through the free weekly email newsletter "The Top 5 Charts of the Week" and add a bit of extra comments and context....
Topdown Charts
Sep 20, 20181 min read


Chart: S&P500 vs MSCI Emerging Markets
Here's an interesting standout chart from one of my chartpacks. It shows the relative performance of the S&P500 against the MSCI...
Callum Thomas
Sep 19, 20181 min read


Chart Of The Week: EM Equities Getting Cheaper
If you only watched the S&P 500 you could be forgiven for missing the bear market in emerging market equities. The silver lining to this...
Callum Thomas
Sep 18, 20181 min read


Chart: S&P500 vs Fund Flows - Divergence
A curious divergence has opened up between the level of the S&P500 and the cumulative level of fund flows into US equity funds (mutual...
Callum Thomas
Sep 16, 20181 min read
Weekly Macro Themes - 14 Sep 2018
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
Sep 14, 20182 min read


VIDEO: Top 5 Charts of the Week
In this video we run through the free weekly email newsletter "The Top 5 Charts of the Week" and add a bit of extra comments and context....
Topdown Charts
Sep 14, 20181 min read


3 Charts on EM vs DM Equity Allocations
Emerging markets have taken a beating this year on the back of softer China growth, the trade wars, a stronger USD, and Fed tightening......
Callum Thomas
Sep 13, 20182 min read


Chart: Global Equities Breadth Check - As Bad as 2015
As I was going through and updating some client chart packs, I noticed an interesting development in the global equities country breadth...
Callum Thomas
Sep 10, 20181 min read


Chart: Tis the Season for a Higher VIX
Studying historical averages can produce useful and interesting insights on the market. Looking at the historical average level of the...
Callum Thomas
Sep 6, 20181 min read
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