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. It's a useful tour across some of our latest work and thinking and just a great selection of global macro/market charts.
This week we look at the following charts and themes:
1. Global leading indicator breadth - a softening in global growth, and wobbles in global equities
2. China and Copper - the bad, the ugly, and the good of slowing growth in China (and what it means for copper)
3. Treasuries futures positioning - traders are betting big on rising bond yields (and a stronger US economy)
4. Stocks vs Bonds market positioning - market positioning looks very bullish on the growth/risk outlook
5. Fed vs HY Credit Spreads - history shows that sooner or later Fed rate hikes will blow up junk bonds
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