Further on track record, since some asked, here's the value-add from the Tactical Asset Allocation guide in our monthly Market Cycle Guidebook: topdowncharts.pro/s/monthly-char…

Weekly Report: topdowncharts.pro/p/weekly-macro…

This week we covered: Stocks vs Bonds, Defensive equities, US TMT (tech stocks) - valuations and risk watch, and a look at global banking stocks...

Disinflation dissipation definitely disappointing decisionmakers deeming rate cuts desirable: entrylevel.topdowncharts.com/p/chart-of-the…

CMI (Credit Managers Index) rebounded in May -- clear improving trend there, fits with the reacceleration theme...

(and most of the strength was in Sales)

Leveraging Up: chartstorm.info/p/weekly-s-and…

investors are showing us with their actions how bullish they are...

We often get questions around Track Record

Here's a listing of some of our recently closed/completed ideas + outcomes

More notes: entrylevel.topdowncharts.com/p/track-record

Global Disinflation trend is ending..

It was never going to last forever, but it does mean Rate Cuts are going to be a harder sell.

After the April shakeout, surveyed measures of investor sentiment have bounced right back.

The underlying mood is still very bullish and optimistic when it comes to the stockmarket outlook: chartstorm.info/p/weekly-s-and…

Margin Debt Acceleration

Powerful momentum signal playing through here following the big bullish bottoming signal in late-2022: chartstorm.info/p/weekly-s-and…

Here's how institutional investors think on Valuations
-very important part of process
-good source of objective info
-but some challenges in their use

Read more about using valuations in investing: entrylevel.topdowncharts.com/p/using-valuat…

Which one are you buying?

(and are you trading or investing...)

Thoughts: chartstorm.info/p/off-topic-ch…

Now this is a Chart!

Base Metals are Breaking Out, Big Time.

And this is a BIG deal -- this set of commodities are at the at the center of several key macro/thematic cross currents: entrylevel.topdowncharts.com/p/chart-of-the…

Max Drawdown

(no it's not an action hero name, it's a measurement of the worst loss from the previous peak)

Key point: small losses are common, larger losses are not uncommon, catastrophic losses are uncommon but they happen.

chartstorm.info/p/weekly-s-and…

How does seasonality work in a Bear Market?

As you might expect, it mostly goes down, but the worst part of the year is typically the May-Oct period

Also know as the sell-in-May effect: chartstorm.info/p/off-topic-ch…

Almost that time of the year where we start selling USD and buying WTI crude!

(at least from a seasonality standpoint)

More on seasonal trends: chartstorm.info/p/off-topic-ch…

'After the April shakeout, surveyed measures of investor sentiment have bounced right back. The underlying mood is still very bullish and optimistic when it comes to the stockmarket outlook.'

Callum Thomas Topdown Charts

ICYMI: Weekly ChartStorm blog post chartstorm.info/p/weekly-s-and…

Thanks + follow reco to chart sources
MarketCharts.com
Andrew Sarna
Topdown Charts
Kakashii
New Low Observer
The Idea Farm
Ramit Sethi
Sam Ro 📈

Know what you own.

Global stocks are heavy on old cyclicals (industrials, financials, energy, materials)

US stock indexes meanwhile have very little exposure vs history and vs global...

So? entrylevel.topdowncharts.com/p/chart-of-the…

As we leave May behind, should we forget about 'Sell in May'?

(and anyway, maybe it should really be sell in June, since that's when things start to turn from a seasonality standpoint)

Seasonality: chartstorm.info/p/off-topic-ch…

This chart shows why investors need to consider a multi-asset investment universe and be valuation-aware.

e.g. in 2021 both stocks and bonds were expensive, while commodities were cheap... then 2022 happened.

And the results? entrylevel.topdowncharts.com/p/detecting-op…