This week it’s the US Dollar Index. Unless you’ve been living under a rock (or maybe that saying should be updated – unless you’ve been living out of range of wifi), you will have noticed 2 key things about the […]
Author: Top Down Charts
Long term growth estimates have spiked to the highest levels seen since the dot com boom
Here’s the second installment of the new “What the EPS?” series, where I look at earnings trends across sectors, countries, regions…. taking my usual top-down approach. This week we look at earnings trends for the S&P500, specifically the path of forward […]
EURUSD: From Good Buy To Goodbye
The market is finally starting to wake up after a dream run for the Euro. Speaking to the title, about this time last year I was telling clients the Euro looked like a good buy, as it saw bullish divergence, […]
What Is Going On With REIT ETFs?
This week it’s a chart of US REIT ETF Assets Under Management, but basically as a prompt to talk about some previous and upcoming changes to the ubiquitous GICS system. The previous change was implemented in September 2016 and saw […]
The tax-cut hype has been completely unwound
The April round of the State Street global investor confidence indexes showed institutional investors appear to be growing more confident on the outlook for risky assets. The regional indexes showed this uptick in risk appetite has been widespread across the major […]
Commodity Valuations
This week it’s Commodities, specifically an aggregate view of commodities and a look at valuations. Commodities as an asset class rose from relative obscurity to become a popular addition to portfolios by the more innovative asset allocators in the last […]
Interesting Charts On Bitcoin, And Other Cryptocurrencies
As a fun weekend activity I decided to dust off some of my various experimental Bitcoin market indicator charts to see if they can help shed any light on the outlook for Bitcoin prices. Adding to the mix this time […]
Cash allocations are at ~20-year lows, typically something you see late cycle – Overall, it’s a brave new world for asset allocators
This article looks at a couple of key trends in asset allocation. We look at the evolution of investor portfolio allocations to stocks, bonds, and cash both across time, and more recently. Importantly, we look at how it ties into […]
EM Vs S&P 500
Emerging market equities had a dream run since the bottom in 2016 (where, if you recall, they took a pummeling as a number of EM economies went into recession, China slowed, currencies crunched, and commodities crashed). But if you look […]
ChartBrief 199 – Institutional Investor Sentiment
The March data for the State Street Investor Confidence was released this week and showed some very interesting patterns across institutional investors. The global index was up +4.7pts to 111.9 (contrasts to a reading of 95.7 back in December 2017), […]
