Learn / Macro Investing Basics
Macro Investing Basics
Learn how interest rates, inflation, economic cycles, and global capital flows affect every investment you make. Lessons 1–3 are free. Lessons 4–8 cover commodities and real assets, global macro, the six data releases that move markets, portfolio construction theory, and building a repeatable macro investment framework.
Lessons
Why the Economy Moves Markets
How interest rates, GDP, and inflation shape every portfolio — even if you never look at economic data.
Interest Rates and Valuations
Why 'rates go up, stocks go down' is an oversimplification — and the real relationship explained.
Economic Cycles and Sector Rotation
Which sectors thrive in each phase of the economic cycle — and how to position your portfolio accordingly.
Inflation, Commodities, and Real Assets
How inflation redistributes wealth across asset classes — and the specific instruments that protect against it.
Global Macro: Currency, Trade, and Emerging Markets
How the US dollar, global trade flows, and emerging market dynamics affect your portfolio — wherever you invest.
Reading Macro Indicators Like an Economist
The six data releases that move markets — what they measure, when they are released, and how to interpret them.
Portfolio Construction: Diversification That Actually Works
What MPT got right and what it gets wrong — and a practical framework for building a resilient portfolio.
Building Your Macro Investment Framework
A repeatable process for reading the macro environment, positioning your portfolio, and updating your view as conditions change.
What you will learn
- ✓Explain how interest rates drive equity valuations — the discount rate mechanism
- ✓Identify the four phases of the economic cycle and their sector implications
- ✓Understand how inflation redistributes wealth across asset classes
- ✓Navigate global macro forces: the US dollar cycle, emerging markets risk
- ✓Read and interpret the six key macro indicators: CPI, NFP, GDP, PMI, yield curve, credit spreads
- ✓Apply Modern Portfolio Theory to build a resilient, diversified portfolio
- ✓Build a repeatable monthly macro review process
- ✓Align portfolio positioning with the current macro regime using Fisclear data