Please cast your votes below…

(feel free to add any thoughts/color/questions in the comments section)

Equities Survey (for practical purposes assume this is S&P500)

Bonds Survey (for practical purposes assume this is US ~10-yr Treasuries)

For more details on the surveys, please see the FAQ (including the comment section Q&A). The main thing is to just select the answer which best fits your primary/strongest view and most relevant timeframe.

Other than that, you are welcome to add any further thoughts in the comment section.

+TOPICAL SURVEY… It’s FOMC week — so what do you reckon?

Thanks for taking part! :-)

Timeless Charts — as a thank you, here’s another couple of charts to ponder…

The Ten Biggest Stocks Through Time:

• Huge changes over the years

• Many came and went

• Few stayed on top

Makes you wonder what will 2030's group look like?

(source: Weekly ChartStorm 6-July-2020)

Human vs Corporate lifespans — an oldie but a goodie

• People are living longer

• Companies dying younger

Bullish humanity, bullish innovation…

(source: Weekly ChartStorm 25-Sep-2016)

—

Thanks and best regards,
Callum Thomas
Founder & Editor of The Weekly ChartStorm

Twitter: https://twitter.com/Callum_Thomas
LinkedIn: https://www.linkedin.com/in/callum-thomas-4990063/

Please cast your votes below…

(feel free to add any thoughts/color/questions in the comments section)

Equities Survey (for practical purposes assume this is S&P500)

Bonds Survey (for practical purposes assume this is US ~10-yr Treasuries)

For more details on the surveys, please see the FAQ (including the comment section Q&A). The main thing is to just select the answer which best fits your primary/strongest view and most relevant timeframe.

Other than that, you are welcome to add any further thoughts in the comment section.

Thanks for taking part! :-)

Timeless Charts — as a thank you, here’s another couple of charts to ponder…

What to Expect when you are Expecting High Growth: I often find Fundamental indicators like the PE ratio function more like Sentiment Indicators, and here's a key example.

The more bullish Wall Street analysts are on Earnings Growth, the weaker subsequent stockmarket returns are likely to be:

1. it's in the price

2. it's a sentiment signal

(source: Weekly ChartStorm 3-March-2024)

And were do things sit now?

Naturally — I wouldn’t say we are doomed (I don’t like hyperbole and sensationalism), but certainly the probabilities are less favorable than usual at these levels…

(source: )

—

Thanks and best regards,
Callum Thomas
Founder & Editor of The Weekly ChartStorm

Twitter: https://twitter.com/Callum_Thomas
LinkedIn: https://www.linkedin.com/in/callum-thomas-4990063/

Please cast your votes below…

(feel free to add any thoughts/color/questions in the comments section)

Equities Survey (for practical purposes assume this is S&P500)

Bonds Survey (for practical purposes assume this is US ~10-yr Treasuries)

For more details on the surveys, please see the FAQ (including the comment section Q&A). The main thing is to just select the answer which best fits your primary/strongest view and most relevant timeframe.

Other than that, you are welcome to add any further thoughts in the comment section.

Thanks for taking part! :-)

—

Thanks and best regards,
Callum Thomas
Founder & Editor of The Weekly ChartStorm

Twitter: https://twitter.com/Callum_Thomas
LinkedIn: https://www.linkedin.com/in/callum-thomas-4990063/

So, please cast your votes below!

(n.b. if you are new here, you can simply subscribe as a free (or paid) user so you can participate in the polls and comments section discussion)

Equities Survey (for practical purposes assume this is S&P500)

Bonds Survey (for practical purposes assume this is US ~10-yr Treasuries)

For more details on the surveys, please see the FAQ (including the comment section Q&A). The main thing is to just select the answer which best fits your main/strongest view and most relevant timeframe.

Other than that, you are welcome to add any further thoughts in the comment section below.

Thanks for taking part! :-)

—

Thanks and best regards,
Callum Thomas
Founder & Editor of The Weekly ChartStorm

Twitter: https://twitter.com/Callum_Thomas
LinkedIn: https://www.linkedin.com/in/callum-thomas-4990063/

So, please cast your votes below!

(n.b. if you are new here, you can simply subscribe as a free user so you can participate in the polls and comments section discussion)

Equities Survey (for practical purposes assume this is S&P500)

Bonds Survey (for practical purposes assume this is US ~10-yr Treasuries)

For more details on the surveys, please see the FAQ from last week (including the comment section Q&A). The main thing is to just select the answer which best fits your main/strongest view and most relevant timeframe.

Other than that, you are welcome to add any further thoughts in the comment section below.

Thanks for taking part! :-)

—

Thanks and best regards,
Callum Thomas
Founder & Editor of The Weekly ChartStorm

Twitter: https://twitter.com/Callum_Thomas
LinkedIn: https://www.linkedin.com/in/callum-thomas-4990063/

NOTE: I will be running the surveys here on Substack ongoing, please subscribe to participate (access will be open for both free and paid subscribers).

First of all, I wanted to share how Twitter vs Substack compared in the responses. As you can see, it’s more or less identical (and this maps to my experience that once you get over a certain number of responses, the results don’t change much, and for reference I got more responses on Substack vs Twitter/X).

Second, here’s the data file — please link to or reference The Weekly ChartStorm (www.chartstorm.info) if you use the data to make charts etc.

Weekly Survey Data

35.4KB ∙ XLSX file

Download

Download

And Third, here’s some charts that I keep track of, which are likely of interest. Questions and thoughts are welcome in the comments section.

Equity Survey

Overall Bulls vs Bears (total bulls minus total bears)

Bulls vs Bears for “Fundamentals” and “Technicals”

Bond Survey

Overall Bulls vs Bears (total bulls minus total bears)

Bulls vs Bears for “Fundamentals” and “Technicals”

Equity + Bond Survey — Combined View

Interestingly, enough if you combine the “Fundamentals” score from both surveys, you get a macro/fundamental gauge, and it maps fairly well to the global PMI.

Thanks for your interest, and again, please subscribe and participate in the Weekly Surveys ongoing :-)

Subscribe now

—

Thanks and best regards,
Callum Thomas
Founder & Editor of The Weekly ChartStorm

Twitter: https://twitter.com/Callum_Thomas
LinkedIn: https://www.linkedin.com/in/callum-thomas-4990063/

I just realized Substack lets you run surveys, so I wanted to try running the survey on here for a change (if it works well then I will look at doing this ongoing).

If all goes to plan and it works fine then I’ll also provide updated charts and data after the final results (+excel file of historical data for those who are interested). I will open up the comment section for those who would like to add any color to their views and for general discussion. Again, we’ll see how it goes, but we could also potentially look at occasional special questions based on events and timely topics.

So here’s where you come in — please answer the following two polls (again, you can add any thoughts or quips in the comments). I’ll post an FAQ on the questions below, but in the meantime, I’m excited to see how this goes in terms of take-up and how the results turn out :-)

Equities Survey (for practical purposes assume this is S&P500)

Bonds Survey (for practical purposes assume this is US ~10-yr Treasuries)

Frequently Asked Questions on the surveys

What is the timeframe? Just answer based on what your strongest view is and the most relevant timeframe to how you look at markets.

Where is the option for neutral? There is not one, because Twitter only lets you have 4 options, so I’m afraid you will have to jump off the fence and make your best guess.

What is fundamentals/technicals? Technicals = technical analysis, i.e. price-based information, Fundamentals = everything else (macro, earnings, valuations, monetary).

Have you ever tried mapping the results to price? Yes, I post updated charts after the final results with price vs sentiment, so you can see historical predictability, and where things are currently tracking.

Can I get a copy of the historical data? Yep, I will post this soon.

Aren’t there already other sentiment surveys? Yes, but this one is slightly different in that it asks respondents to differentiate their viewpoint based on fundamentals vs technicals. It also gives the most timely surveyed sentiment update for the end of the week as the various other surveys tend to go out early/mid/later-week, particularly relevant if something happens over the weekend.

How does it compare to other surveys? The overall bulls vs bears is similar, but sometimes slightly different. The Technicals bulls vs bears indicator is quite different to the Fundamentals bulls vs bears indicator (I will post charts soon that show this).

—

Thanks and best regards,
Callum Thomas
Founder & Editor of The Weekly ChartStorm

Twitter: https://twitter.com/Callum_Thomas
LinkedIn: https://www.linkedin.com/in/callum-thomas-4990063/