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The Observatory
  • The Observatory
ETF Strategy Positions + ISM Misleading?
Welcome to The Observatory. The Observatory is how we at Prometheus monitor the evolution of both the economy and financial markets in real-time. Here are the top developments that stand out to us: i. ISM Services came in lower but outperformed expectations. The latest ISM Services data showed an…
  • The Observatory
Employment Holding Up The Economy
Welcome to The Observatory. The Observatory is how we at Prometheus monitor the evolution of both the economy and financial markets in real-time. Here are the top developments that stand out to us: i. ISM Manufacturing PMI data bucked the slowdown trend. The latest ISM Manufacturing data showed an…
  • The Observatory
Economic Data Slows Further
Welcome to The Observatory. The Observatory is how we at Prometheus monitor the evolution of both the economy and financial markets in real-time. Here are the top developments that stand out to us: i. Regional surveys of economic activity continue to tell us we are in a slowdown. The…
  • The Observatory, The Week Ahead
Lower ISM Incoming?
Markets will be closed tomorrow in the US on account of Memorial Day, but we will provide our guidance for the rest of the week. Despite last week’s bounce in equity markets, our systematic process tells us we are in a stagflationary regime that remains unfriendly to both equities….
  • The Observatory
End Of Week ETF Strategy Positions
Welcome to The Observatory. The Observatory is how we at Prometheus monitor the evolution of both the economy and financial markets in real-time. Here are the top developments that stand out to us: i. Real Personal Spending accelerated, in line with expectations. Real Personal Consumption came in at 2.78%,…
  • The Observatory
Equities Bounce, But The Environment Remains Unchanged
Welcome to The Observatory. The Observatory is how we at Prometheus monitor the evolution of both the economy and financial markets in real-time. Here are the top developments that stand out to us: i. Initial Jobless Claims came in better than expected. Unemployment remains broadly below trend. California showed…
  • The Observatory
Production Bucks The Slowdown Trend
Welcome to The Observatory. The Observatory is how we at Prometheus monitor the evolution of both the economy and financial markets in real-time. Here are the top developments that stand out to us: i. Industrial New Orders for Durable Goods bucked the slowdown trend. New Orders for Industrial Durable…
  • The Observatory
What About Treasuries?
Welcome to The Observatory. The Observatory is how we at Prometheus monitor the evolution of both the economy and financial markets in real-time. Here are the top developments that stand out to us: i. Economic activity indicators showed further decelerations. US Markit PMI disappointed expectations and showed sequential declines….
  • The Observatory, The Week Ahead
ETF Portfolio Positions & Risk For Next Week
Our systematic tracking of economic conditions paints a picture of stagflation alongside tightening liquidity conditions. Markets mirror this dynamic, pricing strong and inflationary nominal growth and tightening liquidity. Last week, Equities continued their descent while Commodities further extended their rally. We show our Market Regime monitor heading into next…
  • ETF Strategy, The Observatory
What Is A Good ETF Allocation In The Current Environment?
No information provided by Prometheus is to be considered investment advice. Given our preferences for diversification across asset classes and instruments for optimal results, we’ve often received questions about deploying our systematic approach to accounts limited to only trading equities. Today, we offer some insight into the ETF allocation…
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