Here's some of the standout charts on my radar. I aim to pick a good mix of charts covering key global macro trends, and ones which highlight risks and opportunities across asset classes. Hope you enjoy them as much as I do.1. US vs the World: Though the US Markit... Show More
Sentiment describes overall investor attitude and the consensus opinion towards a market or stock. It might seem a little vague, and yet used correctly, it is a powerful tool for deciding whether to buy or sell. In fact, it’s one of the five different investment drivers, along with valuations, cycle,... Show More
The Euphoriameter rose again in July, with the combined sentiment reading for the S&P500 lifted by higher forward PE ratios, a falling VIX, and rising levels of bullish sentiment in the surveys. The chart will probably trigger memories or comparisons to the 1990's because aside from the surge coming out... Show More
The latest State Street Investor Confidence Index data for July showed a distinct sense of upside capitulation. The headline global index was up 7.9 points to 108.9 - this was driven purely by North American institutional investors with the North Am index up 10pts to 112.1 which offset declines in... Show More
The attached chart from the Macro Technicals report shows average speculative futures positioning across commodities against a popular broad commodities index. The bottom line is commodity net-longs are the most stretched they've been in 12 years. Show More
Here's the latest weekly S&P500 #ChartStorm. In this edition I include a broad mix of charts with some flagging bearish signals, and others presenting a more bullish case. They include: 50-day moving average breadth, an interesting analog chart, a couple of views of investor sentiment, the implications of the CBOE... Show More
Recently I was asked where we are in the cycle of investor emotion between the extremes of “euphoria” and “depression”. This is a good question, as knowing where the investment crowd is at and being wary of it is essential to successful investing. The 1980s Japanese bubble, the Asian miracle... Show More
Australian investors have responded to the seven week rally in local equities by becoming even more cautious. Results from the Australian Investors' Sentiment Survey in May, organised by Australian Investors' Association (AIA) and FNArena, suggest current levels of cautiousness haven't been seen since early 2012. To get acquainted with the... Show More
Taking guidance from our bi-monthly Australian Investors' Sentiment Survey, overall confidence isn't particularly high, but optimism (if we can call it that) has bounced from the scary, wary volatility days in January. Australian investors remain market neutral, which is probably the best way to describe the dominant general attitude. Cash... Show More
The weak opening to the new calendar year has had a noticeable negative impact on investor sentiment in Australia. The number of bulls, short term, hasn't been this low since 2011-2012. No surprise then average cash levels in investment portfolios has risen to 21%, outside the range that has been... Show More