Callum Thomas Journalist Profile

Articles

In Conversation With Vice Chancellor, Professor Neal Juster

Jan 16, 2025 | news.lincoln.ac.uk | Callum Thomas

Addressing national priorities for UK Higher Education in 2025. In a new video, Vice Chancellor Professor Neal Juster addresses national priorities for UK higher education in 2025 and gives an overview of how the University of Lincoln is leading in key areas and responding to challenges.
US Exceptionalism: The Rise and Risk of Record-Breaking Asset Valuations

Jan 15, 2025 | investing.com | Callum Thomas

For the past decade, it seems all roads across the Global capital markets have led to America. And in all fairness, this has been entirely the right path to travel, at least when it comes to investment returns. After staring into the abyss in 2008/09, a great reset in valuations across US asset classes set the scene for great opportunity to come from great crisis. In hindsight, A few other things went very well for America throughout this period.
Weekly S&P500 ChartStorm - 12 January 2025

Jan 11, 2025 | chartstorm.info | Callum Thomas

Welcome to the latest Weekly S&P500 #ChartStorm!Learnings and conclusions from this week’s charts:Market breadth is undergoing a regime change (bearish). Election cycle seasonality is ranging and volatile in Q1. Retail speculators just went all-in on stocks. The US index is becoming more concentrated (just like RoW). Margin expansion has been more a feat of financial vs tech innovation. Overall, as noted there appears to be a bearish regime change underway in the US stockmarket.
US Corporate Earnings and Outlook for Global Equities

Jan 8, 2025 | investing.com | Callum Thomas

A couple of weeks ago we looked at US Tech vs non-tech earnings… this time we are looking at US vs non-US earnings — the results are surprisingly unsurprising, but very important for global investors to take note. The first thing that stands out is the trends: US earnings have been trending higher throughout the last 30-years, but rest-of-world earnings have been traveling through a highly cyclical range over the past 15-years.
S&P 500: 6 Key Charts to Assess 2025 Prospects

Jan 6, 2025 | investing.com | Callum Thomas

This week: yearly charts, performance stats, and volatility, credit spreads, earnings, tech stocks, investor sentiment, market valuations, and a weird alternative indicator. Learnings and conclusions from this week’s charts:The S&P500 closed 2024 up 23.3% (25% including dividends). This put US large caps on top (vs other assets) in 2024. This was accompanied by lower average volatility + higher earnings. As such, investor sentiment notched up new bullish record highs.
10 Enduring Charts from 2024 to Navigate the Year Ahead

Dec 30, 2024 | investing.com | Callum Thomas

This week it’s a slightly different focus than usual given the quieter time-of-year — this edition takes a look at some of the most notable and enduring charts from the past year (similar to this edition from the same time last year). Hope you enjoy, and Best Wishes for 2025!1.
Tech Vs. Non-Tech Divergence in Earnings and Valuations

Dec 24, 2024 | investing.com | Callum Thomas

Brief note this week as a lull between Christmas feasting and family time fun presents an opportunity to share what I reckon might be one of the most interesting charts of the year. The blue line is probably no surprise — US tech stock prices have been powering ahead driven by a mix of hype and fundamentals (earnings). We probably all know by now how much of the strength in the has been driven by big tech, but this also carries across to earnings.
S&P 500: 4% Selloff or Healthy Reset? Signs Point to a Routine Correction

Dec 23, 2024 | investing.com | Callum Thomas

This week: technicals check, Fed fun, President precedents, earnings enthusiasm, bond sentiment, equity risk premium, CEO turnover, volatility, diamonds, wine. Learnings and conclusions from this week’s charts:The 4% selloff has some “healthy correction” hallmarks. Slower/no more rate cuts from here might be a good thing. There are some concerning parallels to the early-1980’s. CEO turnover has been surging (something sinister?). Diamonds and Fine Wine prices have been slumping.
Expensive Credit and Stock Markets May Signal Trouble Ahead

Dec 17, 2024 | investing.com | Callum Thomas

The Credit Market and the Stock Market are in agreement and being competing claims in the capital structure — that seems like an unlikely set of words. But the reality is both equity and credit investors have bid their respective asset valuations rare heights. The chart below shows both Credit Spreads + Stock market Valuations are more than 1 Standard Deviation expensive. If you eyeball the chart it becomes pretty obvious pretty quickly what that means.
5 Key Charts for the Week Ahead in Financial Markets

Dec 16, 2024 | investing.com | Callum Thomas

This week: euphoria, flows, expectations gaps, foreign flows, rate cut trading, bull markets, deleveraging, NVIDIA (NASDAQ:), Moore's law, long-term equity risk premium. 1. Peak Euphoria: Starting off with everyone’s favorite weird indicator —but a key difference this time after a string of back-to-back new all-time highs in this indicator, the flash December reading has come in ever so slightly lower than the November reading.