MI2's Global Macro Summit

September 26-29| Vail, CO

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Macro Insiders

Our retail product published in collaboration with Raoul Pal of GMI and Real Vision TV.  It is a lighter macro research newsletter focused on assets available to retail investors. Many of our clients use it to reinforce the message.

June 2, 2023
Raoul wants to add to his Exponential Age bets...
June 2, 2023
This publication is your ‘go-to’ to view a summary of trade recommendations proposed by Julian and Raoul in their respective In Focus pieces. Each month, we update the performance of these trade recommendations, adding and removing trades as per the advice given in any In Focus publication or Flash Update.
May 30, 2023

Regional banks are short of capital. Caught out by rising rates, assets (especially long duration fixed income) fell. Shareholder dilution beckons but equity valuations are low. As banks are forced to compete for deposits with money market funds, Net Interest Margins are declining. Bank runs are a rising risk, in a social media-induced frenzy. The Fed’s focus remains inflation. R** is on our doorstep.

May 22, 2023
In this month’s In Focus Report, Raoul dives deep into liquidity: why it's the ultimate driver of global markets and how it can help forecast next moves in bonds, commodities, the dollar, and even cryptocurrencies.
May 15, 2023
Markets are pricing a battle of degrees. Few fundamentally disagree with the broad direction of macroeconomic travel and this makes trading that much more difficult. Below Julian “takes the under” on growth and inflation and presents some ideas about how to manage risk in his more negative scenario.
May 2, 2023
This publication is your ‘go-to’ to view a summary of trade recommendations proposed by Julian and Raoul in their respective In Focus pieces. Each month, we update the performance of these trade recommendations, adding and removing trades as per the advice given in any In Focus publication or Flash Update
April 28, 2023

Recent positive surprises in activity data can be attributed to idiosyncratic factors but have dealt the market a misleading hand. To assess where we really are, parsing the leading and lagging indicators of the business cycle can keep us on the straight and narrow. Below a detailed breakdown of those indicators and what they tell us.

April 21, 2023
Raoul provides an overview of all the key data and key charts to stay on top of everything that matters...
April 20, 2023
In this month's episode of Insider Talks, Julian and Raoul went live on April 14th to share their thoughts on what last week's inflation data meant for markets, monetary policy, and the economy. Moderated by Harry Melandri of MI2 Partners.