Callum Thomas - Sell in May and go away is likely to be a good mantra in 2025

Today’s podcast guest is Callum Thomas of the excellent Topdown Charts. Topdown Charts is a chart-driven macro research house focused on global asset allocation.

Callum is the founder and managing shareholder of Topdown Charts. His career background is in multi-asset investment management in New Zealand and Australia, with a focus on investment strategy and economics.

In this wide-ranging podcast/video, Callum Thomas discusses:

* The S & P 500 and key technical levels to watch

* Investor v Economic sentiment indicators

* Why the broader case is to the downside rather than to the upside for the foreseeable future (hence the title of this podcast)

* Hard data v soft data charts

* A bonus chart too!

* And much more

You can also find Callum Thomas on both LinkedIn and X.

NB - It was fantastic to be able to go through the various charts in relation to macro-economic data and the S&P 500. For those listening to the podcast, I would highly recommend watching the video.

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VIDEO

Enjoy and please do subscribe to Topdown Charts!

This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit contrariancapitalist.substack.com/subscribe