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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


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


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


Weekly Sentiment Survey: Panic.
This article reviews the latest weekly sentiment survey we conduct over on Twitter. The survey measures respondents' equity and bond...
Callum Thomas
Aug 14, 20172 min read
Weekly Macro Themes - 11 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 11, 20172 min read


The return of the return on equity
Return on equity is a key profitability metric for stocks, it's useful in comparing individual companies but it can also yield insights...
Callum Thomas
Aug 8, 20172 min read


ChartCritic 4 - Investor Confidence Index
As I was doing my weekly S&P500 #ChartStorm on Twitter a rather interesting chart caught my attention. It was one of the series from the...
Callum Thomas
Aug 7, 20172 min read
Weekly Macro Themes - 4 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 4, 20172 min read


ChartBrief 124 - NYSE Margin Debt Update
The latest NYSE margin debt data was just released (for June - yes it gets released with a 1-month lag... which by the way reduces its...
Callum Thomas
Aug 2, 20171 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
Weekly Macro Themes - 28 July 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
Jul 28, 20172 min read


ChartBrief 118 - Volatility bets hanging on
As equity market implied volatility grinds lower it's worth throwing a couple more charts into the mix. In this post we look at ETF bets...
Callum Thomas
Jul 27, 20172 min read
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