Big Picture Update

Big Picture Update

Our highest conviction thematics within our big picture thinking remain the following: US equities: mid-cycle pause framework EU equities: major periphery rally underway, per N225 (2012) and SHCOMP (2014) set-ups EM equities: large cyclical rally underway up to 2007 highs…...

Member only content: Login to view or Register
Is Peripheral Europe's Permafrost Finally Thawing?

Is Peripheral Europe’s Permafrost Finally Thawing?

One of the better analytical pieces and frameworks published on this site since 2012 was this piece from 7/2/2013 that questioned the timeliness of Barron’s renewed calls for a Chinese credit crisis by pointing out that since the SHCOMP had…...

Member only content: Login to view or Register
EU Analog Update

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 ┬áPortugal’s PSI20 Index; all analogs present the first year of…...

Member only content: Login to view or Register
Tracking Regional EU Progress

Tracking Regional EU Progress

On 3/28 we noted that Portuguese equities, via the PSI20 Index, had coiled noticeably into what looked to be a bullish pattern that resembled the N225 in late 2012 and SHCOMP in spring/summer 2014 before their ensuing six month and…...

Member only content: Login to view or Register