Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

<ul>
<li>Cycle: Near term pullback a buy for a push into late June/early July (cycle has shifted right). Equities remain well supported. Increased volatility expected in July.</li>
<li>Met the SPX 4,370 buy level with firmer support at 4,350. Rally bias for a minor new high in the coming week+.</li>
<li>Measuring rally momentum for signs of a bigger stall cycle in July.</li>
</ul>


Cycle: Near term pullback a buy for a push into late June/early July (cycle has shifted right). Equities remain well supported. Increased volatility expected in July.
Met the SPX 4,370 buy level with firmer support at 4,350. Rally bias for a minor new high in the coming week+.
Measuring rally momentum for signs of a bigger stall cycle in July.


Research from Water Tower Research, Water Tower Research

Water Tower Research

Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Equity Research Firm

Thematic (Sector/Industry)

<ul>
<li>WTR-CMI last week. In a week when the broad market index (Russell 2000) declined 3.6%, our WTR-CMI index of 30 chemicals and materials technology companies modestly outperformed, dropping 2.3%.</li>
<li>This nonetheless trailed the large-cap S&amp;P 500 index, which lost only 1.8% of its value during the week.</li>
<li>Benefiting from improved investor sentiment on possibly higher summer sales of insecticides, improving automotive and construction markets, and lower raw material costs that we discussed last week, ag-chem and coatings companies led the performance of our index.</li>
</ul>


WTR-CMI last week. In a week when the broad market index (Russell 2000) declined 3.6%, our WTR-CMI index of 30 chemicals and materials technology companies modestly outperformed, dropping 2.3%.
This nonetheless trailed the large-cap S&amp;P 500 index, which lost only 1.8% of its value during the week.
Benefiting from improved investor sentiment on possibly higher summer sales of insecticides, improving automotive and construction markets, and lower raw material costs that we discussed last week, ag-chem and coatings companies led the performance of our index.


Industry Report - Chemicals & Materials Technology

Global Multi-Asset Investment Strategist, True Insights

Jeroen Blokland

Global Multi-Asset Investment Strategist

Build Well-Diversified Multi-Asset Portfolios

True Insights

Our research helps investors build well-diversified multi-asset portfolios and profit from market developments. In addition, our unique and proven Macro – Sentiment – Valuation (MSV) investment framework ensures a consistent flow of new investment opportunities. Together with our market views, these opportunities will be reflected in our live ETF-based Global Multi-Asset Portfolios.

Cross Asset Strategy

<ul>
<li>The Truck Tonnage Index (TTI) 'explains' up to 95% of the variation in US GDP and explains more than 80% of the levels of US stock markets.</li>
<li>A strategy that goes 100% long US equities when the TTI-based fair value estimate exceeds the current index level beats a traditional buy-and-hold strategy.</li>
<li>However, with the current fair value estimate 20% lower than current index levels, this superior strategy would currently be in cash rather than stocks.</li>
</ul>


The Truck Tonnage Index (TTI) 'explains' up to 95% of the variation in US GDP and explains more than 80% of the levels of US stock markets.
A strategy that goes 100% long US equities when the TTI-based fair value estimate exceeds the current index level beats a traditional buy-and-hold strategy.
However, with the current fair value estimate 20% lower than current index levels, this superior strategy would currently be in cash rather than stocks.


Transforming the Truck Tonnage Index into a Superior-Performing Investment Strategy

Cross-Asset Liquidity Strategist, CrossBorder Capital

Michael J. Howell

Cross-Asset Liquidity Strategist

Implementing Research Using Alt Data & AI

CrossBorder Capital

CrossBorder Capital is a London-based independent investment advisory firm. Founded in 1996, it exploits a gap in the investment arena by focusing on Central bank liquidity. 

It specialises in the monitoring and analysis of global liquidity flows - an important determinant of asset prices, from currencies through to bonds, equities and real estate.

CrossBorder Capital implements its investment strategy and currently manages over US$ 350m.


<ul>
<li>Fed Liquidity is trending higher through a 'Stealth' QE, despite latest dip in weekly numbers</li>
<li>Liquidity is the key ingredient driving asset markets higher it pays investors to closely monitor these vital inflow of funds</li>
<li>Fed Liquidity feeds into Global Liquidity, which includes the actions of other policy-makers, as well as the activities of private back and lenders. It has risen sizeably since late 2022</li>
</ul>


Fed Liquidity is trending higher through a 'Stealth' QE, despite latest dip in weekly numbers
Liquidity is the key ingredient driving asset markets higher it pays investors to closely monitor these vital inflow of funds
Fed Liquidity feeds into Global Liquidity, which includes the actions of other policy-makers, as well as the activities of private back and lenders. It has risen sizeably since late 2022


‘Stealth QE’ Continues At The Fed ... Probably

<ul><li>The WTR Sustainable Index underperformed the broader market, falling 2.2% W/W versus the S&amp;P 500 Index (down 1.4%) and the Nasdaq Composite Index (down 1.4%), but outperformed the Russell 2000 Index (down 2.9%).</li><li>Advanced Transportation Solutions (74.4% of the index) contributed to the index’s underperformance, falling 2.2%, while Energy Technology (6.5% of the index) was down 5.9% and Industrial Climate and Ag Technology was down 1.1%. </li><li>Valuation: Based on forward 12-month consensus estimates, the current P/E ratio of the WTR Sustainable index is 24.5x versus 20.3x for the S&amp;P 500.</li></ul>

The WTR Sustainable Index underperformed the broader market, falling 2.2% W/W versus the S&amp;P 500 Index (down 1.4%) and the Nasdaq Composite Index (down 1.4%), but outperformed the Russell 2000 Index (down 2.9%).Advanced Transportation Solutions (74.4% of the index) contributed to the index’s underperformance, falling 2.2%, while Energy Technology (6.5% of the index) was down 5.9% and Industrial Climate and Ag Technology was down 1.1%. Valuation: Based on forward 12-month consensus estimates, the current P/E ratio of the WTR Sustainable index is 24.5x versus 20.3x for the S&amp;P 500.

Weekly Sustainable Investing Surveyor Week Ended June 23, 2023

United States

The S&P 500® is widely regarded as the best single gauge of large-cap U.S. equities and serves as the foundation for a wide range of investment products. The index includes 500 leading companies and captures approximately 80% coverage of available market capitalization.

S&P 500 INDEX (SPX INDEX)

Meeting SPX and NDX Buy Levels

Cycle: Near term pullback a buy for a push into late June/early July (cycle has shifted right). Equities remain well supported. Increased...

Thomas Schroeder

Industry Report - Chemicals & Materials Technology

In a week when the broad market index (Russell 2000) declined 3.6%, our WTR-CMI index of 30 chemicals and materials technology companies modestly...

Water Tower Research

Transforming the Truck Tonnage Index into a Superior-Performing Investment Strategy

A strategy that goes long only when Truck Tonnage Index-bases fair value levels are above the current index levels yields a superior risk-return...

Jeroen Blokland

‘Stealth QE’ Continues At The Fed ... Probably

Global Liquidity is being fuelled by a US-led 'Stealth' QE. Liquidity is the key ingredient driving asset markets higher it pays investors to...

Michael J. Howell

Weekly Sustainable Investing Surveyor Week Ended June 23, 2023

The WTR Sustainable Index underperformed the broader market, falling 2.2% W/W versus the S&P 500 Index (down 1.4%) and the Nasdaq Composite Index...

Water Tower Research