Macro & Context

Read the bigger picture. Macro regimes, commodity cycles, portfolio construction, and the structural forces shaping markets.

7 articles

Macro & Context

The Mechanics of Macro Re-Acceleration: Why the Consensus is Mispricing the Next Inflation Wave

Over the last decade in the markets, I’ve learned one immutable truth: when the sell-side consensus becomes universally boring, risk is mispriced. As someone...

Feb 16, 2026 · 4 min read

Macro & Context

The Great Reversal: Navigating the Onset of a New Economic Regime

For decades, the global economy operated under a specific set of rules—a “Great Moderation” characterized by low inflation, falling interest rates, and...

Jan 10, 2026 · 5 min read

Macro & Context

The New Macro Regime: AI Booms, Fiscal Strains, and the Death of "Old Rules"

For over a decade following the Global Financial Crisis, investors operated in a specific kind of world: one defined by low inflation, demand-led growth, and a...

Dec 27, 2025 · 5 min read

Macro & Context

The Art of Commodity Trading: Why Patience Beats Prediction in Physical Markets

In the broad landscape of financial markets, commodities stand apart as a distinct, often misunderstood beast. While the equity world often preaches “buy and...

Dec 26, 2025 · 3 min read

Macro & Context

The Quiet Fragility: Why Record Highs May Hide a Structural Precipice

If you look at the surface of the markets in late 2025, everything appears serene. Equities are near record highs, volatility remains compressed, and the...

Dec 23, 2025 · 5 min read

Macro & Context

The Post-Neoliberal Pivot: Power, Protectionism, and the New Global Order

For three decades, the world operated under a singular, dominant logic: the neoliberal order. It was a vision defined by the relentless expansion of free...

Dec 21, 2025 · 5 min read

Macro & Context

The 60/40 Rulebook Is Broken: Why It’s Time for the Regime-Adaptive Portfolio

For the better part of forty years, investors have enjoyed a “Great Moderation.” We lived in a world of steadily falling interest rates, manageable inflation,...

Dec 15, 2025 · 4 min read