by Callum Thomas, Topdown ChartsThe Chart Storm is a weekly selection of 10 charts which I hand pick from around the web (plus some of my own charts), and then post on Twitter.
The Chart Storm is a weekly selection of 10 charts which I hand pick from around the web (+some of my own charts), and then post on Twitter.
The charts focus on the S&P500 (US equities); and the various forces and factors that influence the outlook - with the aim of bringing insight and perspective.
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1. Stockmarket Seasonality: The S&P 500 is following the seasonal script so far.
FAQ: why use 2 axes? because the seasonal line is an average, and hence volatility will naturally be compressed so much so that it s going to be meaningless to put them on the same scale. Also we re more interested in the pattern/signal of seasonality: the forest, not the trees.
by Callum Thomas, Topdown ChartsThe Chart Storm is a weekly selection of 10 charts which I hand pick from around the web (+some of my own charts), and then post on Twitter.
oh… that’s right, almost forgot!
BONUS CHART got to include a goody for the goodies who subscribed.
Global Flash PMI vs Bond Yields: with the April round of preliminary PMI data we can calculate a “global“ flash PMI. The April reading was up +1.2pts to a 15-year high of 60.3, with all 4 countries/regions up vs March.
It’s fairly interesting by itself just by how stark the move is and how far things have come from this time last year. But the other very interesting thing is the apparent linkage with bond yields…
I’ve recently noted the sentiment/positioning/technicals set up in bonds tilts the risks to the upside (down for yields): and thus see the current move as a short-term counter-trend move. It probably can go a little further…
Welcome to Q2! Things have moved fast since my original post (both in terms of market movements and the general consensus/sentiment). So I thought it would be helpful to take a quick progress check on the 10 Charts to Watch in 2021 .
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In the original article I shared what I thought would be the 10 most important charts to watch for multi-asset investors in the year ahead (and beyond).
In this article I have updated those 10 charts, and provided some updated comments.
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Note: I have included the original comments from back at the start of the year, so you can quickly compare what I m thinking now vs what I said back then]