Nov 7 – There are a couple of charts here from our Global Cross Asset Market Monitor. Key point: WTI crude oil prices are breaking down . On the technical side, we've got a double top here and a downside break of the 200-day moving average, which leaves the...
By Callum Thomas – At the risk of being labelled a reductionist or accused of oversimplifying, my view is this: With China, the key variable is property prices. In fact, if I only had one indicator to look at for China it would be the movement in property prices...
By Callum Thomas – One of my favorite things to do is discover and utilize somewhat obscure, new, misunderstood, or underutilized datasets. Or indeed, to look at an existing and well-understood set of data in a different way. In today's post we look at...
Callum Thomas – The latest round of OECD leading indicator data showed ongoing softness in the breadth across countries - which is an interesting and innovative indicator we track as part of a suite of indicators on global equities. The punchline of course is...
By Callum Thomas – Three quickfire charts on US bond market sentiment...some of these sentiment charts are clearly at an extreme - and that's usually when you go looking for contrarian signals. But then I look at a lot of charts on the bond market...
By Callum Thomas – 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 funds and ETFs). The last time in recent history that we saw a similar type of divergence was...
By Callum Thomas – Something has been happening in the global economy this year - and I say *this year* for good reason. Both the developed and emerging market composite manufacturing PMIs peaked in December last year, and have both seen an almost consistent...
Aug 11 – Given the recent market correction, Callum Thomas of Topdowncharts.com goes through his most recent Weekly Macro Themes report (see here), looking at global PMI data, bank tightening, credit conditions, inflation, and whether...
Jun 1 – After experiencing a synchronized upturn in global economic growth starting around mid-2016, Callum Thomas of Top Down Charts shares his most recent Weekly Macro Themes report looking at whether the global growth picture is faltering.
China's manufacturing PMI rebounded to 51.6 in February (vs 51.3 in Jan and an average 51.5 over the previous 3 months). The standouts were a rise in the export orders index to 50.8 - a 30 month high. Likewise the import orders...
Those that follow my personal account on Twitter will be familiar with my weekly S&P 500 #ChartStorm in which I pick out 10 charts on the S&P 500 to tweet. Typically I'll pick a couple of themes and hammer them home with...
Feb 10 – Callum Thomas of Topdowncharts.com discusses the global macro backdrop 2016 vs. today, the three C’s defining the current investment environment—China, Commodities, and Currencies—and then focuses on the investment...
