The old saying goes that “every sunken ship has a chartroom” — in other words, charts sometimes don’t work. However they are very useful for looking at "the big maps".

Every week I look at dozens of various indicators and indices for clues as to future direction of markets and individual companies.

As they say a picture tells a thousand words.

I commence with one of my favourites which is the US labour participation rate versus US bonds and stocks. It shows you that there is quite a disconnect between what they call Wall Street and Main Street.