UPDATE: 10yr Anniversary AMA

(some key details as the previous mail didn’t work for some)

Hi there,

Apologies for the flurry of mails but I just want to clarify the upcoming AMA [Ask Me Anything live Q&A session] (which I am hosting as a celebration and reflection on 10-Years of Topdown Charts).

Some have mentioned the calendar link just emailed out by Substack didn’t work, so to be clear, the timing is [EST/New York time] Friday 4th September 7pm — I’ll send a reminder out closer to the time (and you will get a notification when it starts).

NOTE: If you can’t make it to the live session don’t worry as I will send a recording (and blog post) out afterwards — BUT Please Send any Questions you might have to me in advance so I can answer them during the session.

All questions are welcome (whether macro/markets, the journey of Topdown, going from corporate to independent, the research business, balancing work vs life, challenges and triumphs, advice/views, and anything else you might think of!!).

For reference, I left my corporate job in 2016 to start Topdown Charts, here’s some of my previous updates on the journey so far:

• Out of the Blue: My first 2 Years in Business

• Into the Grind: My Second 2 Years in Business

• Changes and Choices: My Third 2 Years in Business

I look forward to sharing some updates, reflections, and perspectives with you on “My First Decade in Business“ live stream!

best wishes,
Callum

p.s. in other news, in case you missed the latest 2 blog posts from last week, please see below…

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[Chart in Focus] — Stocks vs Bonds Long-Term Perspective

The rolling 10-year annualized total return spread (i.e. including interest for bonds, dividends for stocks) of stocks vs bonds just cracked 15% —the highest since 1960 (and eclipsing the 1929 high). But that is NOT where this story ends… [Read More]

Be sure to click through to the latest note so you can see further context and perspective (e.g. why stocks are at risk, bonds are at opportunity, and what asset allocators need to pay attention to from a practical standpoint)

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Special Update — Agri Commodities

There are several factors pointing to upside risk for agricultural commodities, and this is a key theme I have been tracking for subscribers. I have provided a free update on this topic so you can see what’s going on here + gain insight into how I typically approach topics/themes… [Read More]

Click through to see 8 more charts + key risk factors at play for agricultural commodities (and how to practically integrate this from an opportunity, risk management, and macro standpoint)

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Thanks for reading and keep an eye out for the next note! :-)

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Best wishes,
Callum Thomas
Head of Research at Topdown Charts

Connect: LinkedIn | Twitter/X | Substack

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Also, in case you missed it: be sure to check out the previous note — in this post you will find more macro market musings + arguably one of the most important charts for students of the market to study [and last week’s survey results!!]

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Learn more about Topdown Charts —> this post explains what Topdown Charts does + The Topdown Charts Framework for monitoring macro & markets to consistently generate profitable ideas:

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