Greatest Hits
Here’s some of the site’s better work over the years, with a focus on the categories of ‘Cycles’, ‘Sectors’ and ‘Companies’. The ‘Cycles’ category is big-picture, high-level analysis that aims to identify major inflection points in various global equity markets;…
Exiting the Tarmac, In Que on the Runway
Not to victory-lap this too much, but I think I managed to call the end of the airline secular bear and its likely transition into a secular bull well before nearly anybody else did publicly and certainly before it was a…...
Accelerated Domestic Equity Upside (2013 Repeat?)
I generally try to avoid granular, shorter-term chart analysis, but I’m going to do just that in the one presented below because the analysis comes in the context of corroboratory evidence for a broader framework and thesis. Either way, note that…...
Gold, Finally Ready to Shine?
If the answer to the title of this piece is “no”, I swear to god it’s the last time I ever write about this god-forsaken metal. Anyhow, in the chart below I plot CHFUSD alongside gold through history. Note how…...
EU Analog Update
It’s been two months since we laid out our EU/Portugal analog framework for the first time and six weeks since we last updated it. It now looks as follows (using Portugal’s PSI20 Index; all analogs present the first year of…...
EMs Approaching Long-Term Resistance, What Next?
The MSCI EM Index (MXEF) is approaching historical resistance dating back to its 2007 highs on a monthly closing basis below. On a weekly closing basis the set-up is similar, though the index has some remaining upside left. In the…...
EU Big Picture: Reverberations From 1992 & the Maastricht Treaty
Headed into the BREXIT vote on 6/23/16 we began to discuss the ratio of the STOXX600, Europe’s equivalent of the SPX, relative to the SPX itself. Posts on the topic, both before and after the BREXIT vote, can be found…...
Mid-Cycle Pause Analog Update
It’s now been over a year since I originally presented the “mid-cycle pause” analog framework in this post. In addition to crossing the one-year anniversary for introducing this framework, I haven’t had a new post on the topic for two months, so…...
The Race to Seven Digits?
Let’s revisit our 2/24/17 post on XBT and its resemblance to PMs, specifically silver, in the 1960s-1980s. In that post we basically suggested that XBT since 2010 has been highly similar to silver from the 1960-1980 era on a chart/pattern…...
Global Macro Round-Up
Let’s do a run-down of global macro in this post and keep our focus purely on the one thing that matters most in the end – charts. Before we dive in let’s start with the conclusion first: No matter what…...