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Off The Charts

Andrew Sarna

I review hundreds of charts across macro everyday, pulling out the best, so you don't have to.

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Substack
PricingOnly free issuesPublishesDaily
Issues1122Founded5 years agoLast Issue3 days ago
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Latest Issues

The Odds Against Stock Pickers

S&P Dow Jones Indices released its annual data on active managers. We’ll look specifically at the US Scorecard and Canadian Persistence reports.

At a glance, the average active manager compounding at a double digit rate over the past decad...

3 days ago
10

Higher Yields, Higher Pressure

Brent crude closed above $95, its highest level since July, as tensions flared again in the Middle East.

Energy prices are among the factors pushing the 10-year Treasury yield to its highest level since 2023. The 10Y closed above 4.8%.

Ja...

4 days ago
10

The Great Canadian Founder Drain & Certificates of Confiscation

Dominion List is a running catalogue of US companies founded by people with a Canadian connection. The list currently includes 517 US-based companies with at least one Canadian founder. Together, they have raised about $414B. Fifty-six are...

5 days ago
8

The Hawks Were Out in Jackson Hole

Nvidia delivered a blockbuster outlook, guiding to more than 70% FY28 revenue growth versus the 45% consensus expectations. Kevin Warsh struck a hawkish tone at Jackson Hole, while the U.S. and Canada exchanged 50% tariffs following the bre...

6 days ago
10

GLP-1s

At the beginning of October 2023, Walmart U.S. CEO John Furner said the company’s anonymized shopping data showed that customers taking GLP-1 drugs such as Ozempic and Wegovy were buying “less units, slightly less calories.” It was one of t...

9 days ago
9

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