Top-Down Strategic Macro
In financial markets, there are few unrelated events. Macro analysis seeks to connect the dots between them. It focuses on the big picture themes and trends that affect the entire economy, evaluating the impact of changes in economic growth, inflation, and policy. Macro developments heavily influence the business cycle, financial conditions, and investor risk appetite. These trends often persist for months or even years.
Our team conducts relative valuation, technical, economic, policy, and geopolitical analysis to evaluate the macro environment. We employ a weight-of-the-evidence approach that utilizes both proprietary quantitative models as well as human analysis to identify opportunities. The goal is to scan the macro horizon in an attempt to understand and prepare for the world of tomorrow. Armed with a roadmap of potential megatrends and macro conditions, we seek to manage investment strategies that are aligned with key themes such as rising deficits, economic statecraft, currency debasement, AI innovation, and long-term inflation.
