Video: Top 5 Charts Of The Week

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by: Topdown Charts
Summary

China, China, China - look at the slowdown in China's economy, the trade-truce, and spike in policy uncertainty as things get tough for China, but an unexpected silver lining appears.

Global trade made a new high in October, what that means for markets.

Asian FX rebounded off a key support level, and this could be just the signal Asian and emerging market equities are looking for.

Reflation trade capitulation and reflections on 2017 vs. 2018.

In this video we run through the free weekly email newsletter "The Top 5 Charts of the Week" and add a bit of extra comments and context. It's a useful tour across some of our latest work and thinking and just a great selection of global macro/market charts.

This week we look at the following charts and themes:

1. China vs. USA manufacturing PMIs - China's economy is losing momentum, US is as strong as ever.

2. China policy uncertainty index - a spike in policy uncertainty reflects cyclical softening, political risks, structural challenges and perhaps the prospects of stimulus.

3. Global trade volumes - we saw a new high in global container throughput in October (first new high since Jan).

4. Asian FX index - rebounding for a third time of a critical support level, very important development for Asia and EM.

5. The reflation trade positioning indicator - big capitulation, and reflections on 2017 vs. 2018.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.