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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
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


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


DXY Delight - A rare opportunity
The current setup in the US Dollar index or DXY is rare in that a clear and logical fundamental and technical case can be made for upside...
Callum Thomas
Aug 15, 20172 min read


EM ETF AUM doubles to a record high
A curious chart was staring me in the face as I went through my excel models pressing 'refresh' on the data feeds. The chart showed the...
Callum Thomas
Aug 2, 20172 min read


NAFTA Equities: more in difference than in common
In a recent report I was prompted to look at the NAFTA economies and equity markets. A key reason was the Canadian rate hike that had the...
Callum Thomas
Jul 26, 20171 min read


What's the difference between EM and DM anyway?
Anyone who has been paying attention to emerging markets will have noticed the very interesting price action going on there. But since...
Callum Thomas
Jul 18, 20172 min read


ChartBrief 110 - Global inflation trends
Recently the main talk in markets was reflation, but about 2 years ago everyone was talking about deflation: why deflation was...
Callum Thomas
Jul 17, 20172 min read


This FAANG is Not Dot Com
There's been a lot of talk about the so-called FAANG stocks and parallels being drawn against the 2000's dot com bubble. With S&P500...
Callum Thomas
Jul 11, 20171 min read


ChartCritic 2 - The long and short of VIX
Today's edition of ChartCritic takes a look at a chart that was shared by Jesse Felder on Twitter which shows the relative $ value traded...
Callum Thomas
Jul 6, 20172 min read


US High Yield Credit Spreads Low - as they should be?
Most people are probably aware that US High Yield credit spreads are trading at the bottom end of the range - almost 1 standard deviation...
Callum Thomas
Jul 5, 20172 min read
Weekly Macro Themes - 30 June 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
Jun 30, 20172 min read


The big PE10 at the small end of town
A number of analysts and commentators have been discussing the increasingly high levels of the "Shiller PE", also known as CAPE or PE10,...
Callum Thomas
Jun 27, 20172 min read
Weekly Macro Themes - 23 June 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
Jun 23, 20172 min read


Fed policy still in the "sweet spot" for stocks
Whether it's "3 steps and a stumble" or just the fact that the Fed is thinking and talking about going from QE to QT, there is a growing...
Callum Thomas
Jun 21, 20172 min read


To understand Bank stocks, watch property prices
In this article we look at how global property price trends influence financial sector stocks, and perhaps more interestingly - what the...
Callum Thomas
Jun 13, 20172 min read


VIDEO: Global growth outlook in question
The global manufacturing PMI has peaked, bond yields have rolled over, and growth looks to be more divergent lately, so the global growth...
Topdown Charts
Jun 7, 20171 min read


The Great Capitulation
A great capitulation is underway in the equity market. And we've seen this type of thing happen only once before. The chart in this...
Callum Thomas
Jun 7, 20172 min read
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