As I was going through and updating the various indicators that I monitor something in the credit space surprised me. The NACM CMI (think...

I had to think a bit before going with that title. The term "melt-up" is an increasingly overused word, and given this article features...

In this video we look at the "SCANNZ economies" - carrying on the tradition of other country acronyms such as the BRICS or the PIIGS! ...

The latest weekly sentiment/positioning survey on Twitter revealed a continuation of some very interesting trends and a new record in...

SPECIAL ANNOUNCEMENT: as a one-off holiday treat we are making the 2017 End of Year Special Edition of the Weekly Macro Themes report...

In this video we look at the tops and tailwinds in China as 2018 looms. Specifically, the video walks you through a couple of slides of...

Global equities can do little wrong lately, with falling volatility, improving earnings, and an almost straight-line upward march in the...

Globally equity volatility is low. For that matter, volatility (both implied and realized) is low across the major asset classes. But...

This post looks at a curious and obscure indicator on the US economy which has in the past provided some clues on the outlook for the US...

The US IPO market shows a familiar ebb and flow to the stock market price cycle. Studying the trends in IPO activity can yield...

The "Santa Claus rally" refers to the tendency for the S&P500 to do well in December, and specifically the last part of December. We can...

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...

For the second month in a row the State Street Investor Confidence Index came in below 100 (the index uses State Street's global...

The latest round of PMI data for Europe reflected what we're seeing across the economic sentiment indicators for the Eurozone: i.e. the...

Regular readers and followers on social media will be familiar with this chart, but what will probably be surprising is how this...

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...

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...

The geopolitical backdrop in the Middle East is fluid to say the least, and this fluidity has helped the black fluid undertake what is...

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...

In my conversations with clients a common topic of interest is that of US high yield credit spreads. Indeed, it's almost the opposite...