Macroeconomic and Investing, The Macro Compass

Alfonso Peccatiello (Alf)

Macroeconomic and Investing

The Macro Compass

Actionable investment ideas and unique global macro insights. From the desk of a former Head of $20 bn Investment Portfolio straight to your inbox.

Actionable Investment Ideas

Cross Asset Strategy

<ul><li>Markets have moved sharply year-to-date, and in one clear direction: short Cathie Wood and Bitcoin, long cyclicals (banks &amp; oil)</li><li>There are good macro reasons for the downside move in high-beta, high-multiples but much less so for the long cyclical move to continue its upside move</li><li>My credit impulse metric suggests earnings and inflation are going to disappoint consensus</li></ul>

Markets have moved sharply year-to-date, and in one clear direction: short Cathie Wood and Bitcoin, long cyclicals (banks &amp; oil)There are good macro reasons for the downside move in high-beta, high-multiples but much less so for the long cyclical move to continue its upside moveMy credit impulse metric suggests earnings and inflation are going to disappoint consensus

United States

iShares Russell 1000 Value ETF is an exchange-traded fund incorporated in the USA. The ETF tracks the performance of the Russell 1000 Value Index. The ETF holds mid and large-cap U.S. stocks. Its investments are in companies that are thought to be undervalued by the market. The ETF weights the holdings using a market capitalization methodology and rebalances annually.

iShares Russell 1000 Value ETF (IWD US)

How To Trade This Market Eruption

Markets have moved sharply year-to-date, and in one clear direction: short Cathie Wood and Bitcoin, long cyclicals (banks & oil)

Alfonso Peccatiello (Alf)