The Spectra Markets Archive

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Highlights

Forgot about tariffs

The market is so excited about EU defense spending, it forgot about tariffs

Friday Speedrun

Stock Market on Sale!

Massive repricing of growth, fiscal, and AI spend.

Highlights

Stocks, Red Sweep, +++

Equity seasonals, sentiment, and positioning have all flipped from euphoria to panic… But I too am scared

Highlights

Miran, stocks, bonds

Miran will expound, stock bulls unwound, bonds flail around

Highlights

Four Things

The Bessent Put, rerating US growth, Peak CapEX (?) and MOMO capitch

Highlights

Yields in Focus

Rate differentials are screaming “Lower USD!” but there are crosswinds

Highlights

CADJPY puts and BTC

In contrast to last time, CAD vol now shows complacency

Highlights

Stagflation and BCOM

Sticky inflation + DOGE cuts = Stagflation narrative?

Highlights

Six Weeks

New Year momentum trades often lose their mojo around mid-February.

Highlights

FX, stocks, and Grok

The USD selloff looks unimpulsive and tired, already.

The Macro Trading Floor podcast

Catch up with Brent Donnelly and Macro Alf every week on The Macro Trading Floor. Listen as they discuss themes that are moving markets, highlight important trade ideas, and get to the bottom of what’s going on in macro.

“am/FX is a must read for everyone who wants to
understand global macro trading.”

John Mauldin, Chairman
Mauldin Economics

50 Trades in 50 Weeks

One year of good ideas, dumb mistakes, and timeless trading lessons over a wide range of topics like tactics, strategy, mindset, risk management, and of course the psychology of successful trading. Watch real trade ideas come to life in real time.

We do not teach trading strategies.

We teach you how to think, reason, and behave like someone who makes money.