A simplified visual companion to the Capital Cycle Observer Letter, presenting the key charts and market evidence behind each month's investment outlook.
The Observer Chartbook distils the most important charts from the
full Capital Cycle Chartbook into a concise visual summary.
Each edition highlights the major trends across liquidity, growth, credit and market structure, allowing members to see the evidence supporting the monthly Observer Letter.
Published: October 2026
A concise visual summary of the key charts and cycle evidence
supporting this month's Observer Letter.
Published: September 2026
A simplified review of the major charts and cycle evidence from the prior month.
Published: August 2026
A concise visual summary of the earlier capital cycle message and supporting market evidence.
The Observer Letter explains the story.
The Observer Chartbook shows the evidence.
Together they help members understand what is changing in the capital cycle by
combining clear commentary with carefully selected market charts.
Markets produce enormous
amounts of data.
The Observer Chartbook filters that data into the charts that matter most.
Each edition is designed to help
members observe the evidence
before reacting to market noise.