Posts From Callum Thomas

Callum Thomas
Callum is the founder of Topdown Charts - a chart driven research house covering global asset allocation and economics. Callum has a background in multi-asset investment strategy on the buyside and has built up strong research and analytical expertise for generating global macro driven investment insights and unique charts. Callum's vision in creating Topdown Charts is to serve as a vital resource for portfolio managers on idea generation and in informing their macro view. Callum is based in Queenstown, New Zealand.
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5 Charts For Global Investors: Key Market Trends

It’s time for another set of 5 macro technical charts to watch as we move further into the month of January (including stock market indices, sectors, individual commodities, currencies, bonds, and other benchmarks and market indicators). This chart review will look at technical price developments.  And even if you’re not technical analysis minded…

5 Charts For Investors: Around The Global Financial Markets

I’m back with another set of 5 macro technical charts to watch as we move further into the near year (including stock market indices, sectors, individual commodities, currencies, bonds, and other benchmarks and market indicators). This chart review will look at technical price developments.  And even if you’re not technical analysis minded…

Global Earnings Cycle Weak… But There’s A Silver Lining

This article takes a unique perspective on the global earnings cycle, looking at the proportion of countries seeing expansion or contraction in earnings and economic activity. The charts come from the 2016 End of Year Special Edition (one-off free download). The key finding is that the post-global financial crisis environment…

US Dollar Update: These Two Charts Point To Further Upside

When the US Dollar (CURRENCY:USD) rallied 25%across 2014/2015 it triggered a series of ripple effects that reverberated across global markets and economies, weighing heavily on commodities and forcing tightening of financial conditions in the US and emerging markets. As an investor having good handle on the outlook for the US…

Investor Sentiment Charts Worked Wonders In 2016

A look at two unique 2016 investor sentiment charts… and how valuable they were in timing market trend changes. The first chart was one of the “people’s choice charts” in my 2016 End of Year Special report. It shows a different perspective on investor sentiment which called the bottom of the market and…

The State Of The Global Financial Markets In 5 Charts

I’m back with another set of 5 macro technical charts to watch (including stock market indices, sectors, individual commodities, currencies, bonds, and other benchmarks and market indicators). This chart review strictly looks at technical price developments.  Even if you’re not technical analysis minded it’s a useful way to keep on top of…

5 Charts Investors Need To Watch During Fed Week

Here’s the regular 5 macro technical charts (going as far as individual commodities, currencies, bonds, and sectors, as well as the rest of the major indexes and benchmarks).  This commentary is strictly focused on the technical/price developments (albeit we will typically cover the broader case in the Weekly Macro Themes…

Global Market Trends: 5 Charts Investors Need To Watch

Today I want to share 5 macro technical charts that bear importance here for the broader markets. In my chart review, I sift through individual commodities, currencies, bonds, and sectors, as well as the rest of the major indexes and benchmarks. This chart review strictly looks at technical price developments.  Even if…

Stock Market Seasonality Trends: Tis The season!

With only a month to go until Christmas it’s time to talk the old chest nut of the Santa Claus rally.  The “Santa Claus rally” refers to the tendency for solid gains in the S&P 500 (INDEXSP:.INX) for the month of December. December is one of the best months of the…

China PMI Surprises To The Upside As Base Metals Breakout

The October official manufacturing PMI for China rose +0.8pts to 51.2, a 2 year high.  The Markit/Caxin manufacturing PMI also rose to 51.2. The key driver of the gains in the official China PMI were a lift in (domestic) new orders, input prices, and production. This was a classic case…