Macro Intelligence Report • Equity Intelligence Report

In today’s turbulent and volatile market, investors need help. They need quality intelligence to make investment decisions. They need GAMMA INTELLIGENCE.

Individual Presentation

Gamma Investment Program

Macro, Equity, and Economic

  • The Gamma Investment Program is our institutional suite of forecasting and research products for the major developed and emerging economies covering stock indexes, bonds, individual equities, currencies, commodities, and economic conditions (Table 1).
  • The Program is based on our Gamma Global Macro Model, a proprietary, fundamentally-based, nonlinear econometric algorithm that has accurately predicted major trends and inflection points for over 35 years.
  • The Gamma Program delivers objective, unbiased, data-driven financial and economic forecasts, investment recommendations, analysis, and research tools needed to preserve and grow wealth.
Gamma Macro Model Countries and Markets

Gamma Investment Program Features

Analysis and Indicators

  • Gamma Macro, Equity, and Economic Intelligence Reports ®
    • Concise monthly summary and analysis of Gamma Global Macro Model forecasts and investment recommendations
  • Directional Forecast Indicator Tables and Charts
    • Monthly expected return forecasts and recommended trade and position recommendations
  • Valuation Indicator Tables and Charts
    • Proprietary valuation indicators for all Gamma Global Macro Model markets including valuation-based expected return forecasts
  • Behavioral and Sentiment Tables and Charts
    • Sentiment-based expected return forecasts.
  • Long-Term Economic and Financial Forecasts for the United States and Canada
  • Economic and Financial Reference Tables and Charts for the US and Canada
  • Intramonth Updates and Periodic Analytical Papers on Major Economic and Financial Topics.

Gamma Intelligence Reports®

Macro, Equity, and Economic

  • The Gamma Intelligence Reports® provide a concise monthly summary and analysis of forecasts and investment recommendations from the Gamma Global Macro Model
Macro, Equity, and Economic
Equity Intelligence Report

Gamma Macro Directional Indicators

Expected Return Forecasts and Recommended Trades

  • The Gamma Global Macro Model generates one-month-ahead expected return forecasts and investment recommendations for all the major asset classes. Forecasts are summarized in tables and charts showing the direction of the signal.
Gamma Macro Model Directional Indicators
Gamma Global Macro Model

Gamma Equity Forecasts

Forecasts and Analysis of Companies, Sectors, and Indexes

  • The Gamma Global Macro Model generates expected return forecasts for companies in the S&P 500 and S&P/TSX 60.
S&P 500: Company Stock Model Forecasts

Gamma Valuation Indicators

Valuation Measures and Valuation-Based Expected Return Forecasts

  • Proprietary measures of market valuation and 1-month to 5-year expected return forecasts based on current valuations. Measures and forecasts are summarized in tables and charts.
Gamma Macro Model Valuation vs Forward Return Tables
Equity Index Valuation Analysis

Gamma Seasonal Analysis

Seasonal Measures of Monthly and Annual Price Changes

  • Charts of average monthly changes and their effect on cumulative annual returns.
Commodity Seasonal Analysis - Precious Metals

Gamma Sentiment Indicators

Sentiment Measures and Sentiment-Based Expected Return Forecasts

  • Behavioral measures of investor sentiment and 1-month to 5-year expected return forecasts based on current sentiment. Measures and forecasts are summarized in tables and charts.
Sentiment Indicators vs Forward Return Analysis
Equity Sentiment Analysis

Gamma Economic Indicators

International Economic Forecasts

  • Long-term economic forecasts covering interest rates, stock indexes, exchange rates, price indexes, output, employment, consumption, and investment for the major developed and emerging economies. Measures and forecasts are summarized in tables and charts.
Economic Forecasts USA
Economic Forecasts USA

Gamma Investment Consulting Principals

Karl V. Chalupa is the CEO and Co-Founder of Gamma Investment Consulting and Editor of the Gamma Intelligence
Reports. He is also President of Gamma Capital LLC, a quantitative global macro investment firm. Mr. Chalupa developed
the Gamma Investment Program used for previously trading the firm’s $400 million global macro program. He was
previously Director of Risk Management at Titan Advisors LLC, a $4.5 billion alternative investments firm. Mr. Chalupa
was also Managing Director of the Currency and Alternative Investment Strategies Groups at State Street Global Advisors
(SSGA) where he developed a $9 billion currency overlay program and launched SSGA’s first hedge fund based on his
Gamma Model. Mr. Chalupa spent 13 years at ABN Amro Bank where he traded interest rate and currency derivatives and
was Manager of the Proprietary Trading and Economic Research Desk. He began his career as an economist for the Federal
Reserve Bank of Chicago. Mr. Chalupa holds an MA in Economics from Brown University, graduated magna cum laude
from Northern Illinois University with BAs in Economics and Political Science, and is Series 3 registered.

Nicholas “Claude” Colabella is the Chief Operating Officer and Co-Founder of Gamma Investment Consulting and Co-
Editor of the Gamma Equity Intelligence Report. He was previously Director of Communications and Investor Relations at
Titan Advisors, LLC, a $4.5 billion alternative assets solutions firm. Mr. Colabella has equity research experience working at
Petroleum Research Group, Inc. (Rye, NY), an independent energy equity research boutique and at John S. Herold, Inc., a
leading petroleum research and consulting firm. He was a Managing Partner at Alpha Beta Alternative Investments, Inc., an
alternative investment boutique that managed Alpha Beta Partners, LP, a multi-strategy “fund of funds”. Mr. Colabella holds
an MBA in Finance from Duke University, Fuqua School of Business. He graduated magna cum laude from Manhattan
College, with a BS BA in Economics.

Disclaimer: The information contained on this website is for marketing purposes only. Nothing contained in this email is intended to be, nor shall it be construed as, investment advice by Gamma Investment Consulting LLC, nor is it to be relied upon in making any investment or other decisions. Neither the information nor any opinion expressed on this website constitutes an offer to buy or sell any security or instrument or participate in any particular trading strategy. The information on the site is not a complete description of the securities, markets or developments discussed. Information and opinions regarding individual securities do not mean that a security is recommended or suitable for a particular investor. Prior to making any investment decision, you are advised to consult with your broker, investment advisor, or other appropriate tax or financial professional to determine the suitability of any investment. Opinions and estimates expressed on this site constitute Gamma Investment Consulting LLC’s judgment as of the date appearing on the opinion or estimate and are subject to change without notice. This information may not reflect events occurring after the date or time of publication. Gamma Investment Consulting LLC is not obligated to continue to offer information or opinions regarding any security, instrument, or service. Information has been obtained from sources considered reliable, but its accuracy and completeness are not guaranteed. Gamma Investment Consulting LLC and its officers, directors, employees, agents and/or affiliates may have executed, or may in the future execute, transactions in any of the securities or derivatives of any securities discussed on this website. Past performance is not necessarily a guide to future performance and is no guarantee of future results. Securities products are not FDIC insured, are not guaranteed by any bank and involve investment risk, including possible loss of entire value. Gamma Investment Consulting LLC shall not be responsible or have any liability for investment decisions based upon, or the results obtained from, the information provided. Gamma Investment Consulting LLC is not responsible for the content of other websites to which this one may be linked and reserves the right to remove such links. Gamma Investment Consulting LLC, the Gamma Investment Consulting LLC Logo, the Gamma Macro Intelligence Report, Gamma Equity Intelligence Report, Gamma Economic Intelligence Report, and Gamma Asset Allocation Intelligence Reports are registered trademarks of Gamma Investment Consulting LLC, 18 Locust Avenue, Suite #1606, New Canaan, Connecticut 06840, United States.