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 moreYou 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.Become a Paid Subscriber/Founding Member TODAY!Gold. Silver. Metals & Markets. Generate wealth (both financial and freedom) through market analysis/information, expert podcasts & insights, educational writings & prudent Plan B information. Subscribe today!Contrarian Capitalist PAID Subscribers get:* Access to ALL Market Newsletters (Weekly Open/Wrap & Monthly Wrap) including charts, analysis & exclusive commentaries* EARLY ACCESS to all podcasts, featuring expert interviews/analysis on commodities, geopolitics and more* Access to the FULL ARCHIVE, ALL written articles, stock picks & watchlists and the CC Club/CommunityContrarian Capitalist FOUNDING MEMBERS get:* Lifetime membership - pay ONCE and NEVER renews! ALL paid subscriber benefits in a one-off lifetime investment!VIDEOEnjoy 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