Macro Ops

This week Chris goes over the major currencies, bonds, indices, commodities, then jumps into the MSCI index of ETF's and finishes with a look at the Crypto Markets.  We are building out the video platform and these reviews will also be available with Chart book's and Videos...soon.  Hit me up with any thoughts on Twitter at @ChrisDMacro Instagram @ChrisDMacro or email me at chris@macro-ops.com Don't forget to sign up for our free emails at https://macro-ops.com we provide a ton of free research and make your inbox a happy place!

ChrisD does his weekly chart analysis of the Global Macro space. Chris focuses on Currencies, Interest Rates, Equity Indices, Energy, Metals, emerging market currencies under pressure and of course Tesla makes an appearance.  Spoiler, the dollar is in everyone's sights coming into the Fed's announcement this week.  You should be a subscriber to Macro-ops.com emails, we provide a ton of free analysis and perspectives and have a bunch of new products coming out soon, go sign up! If you have any questions for Chris you can find him on Twitter Instagram or at chris@macro-ops.com 

This episode Chris and Alex Barrow Co Founder and Chief Macro Strategist of Macro-Ops.com, talk about the major moves that are shaping up in the  Global Macro space. Alex has pushed out a number of reports the past few weeks about the topic.  By the way these are all free reports and if you aren't getting them delivered to your inbox you should drop everything you are doing and go to  https://macro-ops.com/start-here/  and sign up for our free email. You will get a boat load of value, and it'll make your inbox happy! In this episode we talk about the Dollar, Bonds, Metals, Inflation, Inverted Yield Curve, China, $YTRA and Equity Indexes.  We also talk about how Alex stacks his fundamental macro views with technical indicators to give him a better timing advantage in markets.  This was a long one, I hope you enjoy it! Links to subjects mentioned in this episode: https://macro-ops.com/a-tactical-short-in-bonds/ https://macro-ops.com/a-golden-macro-opportunity/ https://macro-ops.c

This is a follow up episode with Biren Shah @perseidcapital on Twitter and https://perseid-capital.com  We go further down the $tslaq bear case and why this quarter is make or break time for Tesla. They've run out of ammo and he feels that unless they have a magic bullet somewhere, this quarter will be what all the Tesla bears have been waiting for, when their day of reckoning happens.  There are two Eurodollar systems, the Futures and the actual Eurodollar banking system. Biren breaks it down a bit further, more simply than the excellent Eurodollar University from Macro Voices podcast with Jeffrey Snider from Alhambra Investments.  And we revisit the Uranium markets.  At Macro-ops we send out a ton of research, for free to our email subscribers. Drop everything right now and go sign up  As always you can find me on Twitter at ChrisDMacro or on Instagram at ChrisDMacro

Todays we introduce Macro-Ops newest addition, "Mr. Bean".  Mr. Bean is a value investor with over 13 years experience thinking his way through the value landscape.  We get into the Shippers sector, a longer term theme we are following closely here at Macro Ops.  This is our longest episode to day, in addition to his work on value investing we cover lifestyle, health and wellness, longevity and many other topics.  Don't forget to sign up for our emails at https://macro-ops.com/start-here/ we send out a ton of free content and research and make your inbox an enjoyable place again! You can follow more of Mr. Beans thoughts at https://twitter.com/marketplunger1 or mrbean@macro-ops.com As always you can catch me at https://twitter.com/chrisdmacro or https://instagram.com/chrisdmacro or email me chris@macro-ops.com

This week Chris speaks with Biren Shah who runs a family office.  Biren is very bearish on Tesla, but more importantly he breaks down some of the catalysts to the $TESLAQ or the more dramatic rapid move down that is upon us. Biren has written a lot more and provides some amazing research with links down rabbit holes at his blog at https://www.perseid-capital.com/blog/ Next we cover the Eurodollar market, and what he expects to see as equity markets start to turn over. It could be a lot worse than we thought.  Finally Biren is bullish on Uranium and covers his thoughts on the catalysts forthcoming.  Find Biren at https://twitter.com/perseidcapital If you don't already subscribe to our email at https://macro-ops.com/start-here/ we provide a ton of free, useful and actionable research. Again it's free and it's amazing! Find me at https://twitter.com/chrisdmacro or https://instagram/com/chrisdmacro 

Alex and Chris talk about the beaten down Shipping Sector. Not our typical 2 plus hour sessions, this time we focus our discussion on a research report Alex released this week about shipbuilders.  Get the full report FOR FREE at https://macro-ops.com/research/ and while you are there, sign up for our emails. We send out a ton of free research each week, you should definitely sign up!

 This week Chris speaks with Ben Hockman  Ben is part of an Incident Response team for one of the largest financial institutions in the world. With a heavy focus on Cyber Security, Intelligence, Terrorism and Physical Security, with very operational roles in Latin America, Colombia/Venezuela border, Mexico and currently in Europe on the corporate side.  Additionally Ben is a British Citizen, living in France with his family, he has first hand concerns about the upcoming March 29 BREXIT deadline and what that might mean for him and his family.  We talk about the Yellow Jackets in France, the global rise in Populism and how he see’s the threat to businesses around the world just barely starting to deal with what might come of BREXIT and a reintegration of ISIS soldiers.  We then move to South America, Venezuela and what that looks like, not only in Venezuela but across the Americas. Just how close is a war, how involved are the FARC, ELN (The Colombian Narco-Terrorist Organizations) wit

This is a solo cast with me Chris D.  I’m a trader, a quantitative systemic trader, and I look at price action to come up with a repeatable approach to trading the Global Macro space.  Generally speaking the markets don’t line up all together in a way that is easy to identify, but this last week everything lined up into something big.  I take a look at Gold, Bonds, Currencies and a quit shot at Equity Indexes.  Listen in and hit me up with any thoughts or questions you might have at chris@macro-ops.com https://twitter.com/ChrisDMacro on Twitter https://www.instagram.com/chrisdmacro on Instagram 

Quick Take away from a monster 3+ hour session, Chris hosts a Macro Ops roundtable with Alex Barrow, Tyler  Kling and Mr. B.  If you want more of this Check out what we are doing at  https://macro-ops.com/global-macro-research/ This is a monster podcast, unedited, long form, plug in go deep with us.  We start off right away with Alex talking a little highlight of this month’s Macro Intelligence Report. a monster rally that left everyone in the rearview mirror and now people are starting to FOMO into the market after a nearly 20% rally from the December 26 lows.  We dig into Alex’s thinking at the end of the year of why the equity indexes had bottomed, what sentiment indicators he was looking at to feel confident. Publishing that report on Real Vision when everyone else was bearish was interesting to see the reaction from fellow market participants.  Bottoms, what are some reliable, repeatable bottom finding (not top selling) setups, if nothing else for a tradable bottom.  Ca

Today's episode is an audio expansion on the weekly Macro Musings email from our free https://macro-ops.com/global-macro-research/ This is a solo episode, with me Chris, expanding a bit about an article from Brian MacKenzie https://powerspeedendurance.com/experiments-art-breath/ about the importance of nasal breathing.  I talk a bit about China and their ownership of the US Film industry and the lack of any anti-Chinese sentiment in US Films.  Hearing about Ken Griffin, Founder of Citadel Capital, recent $238 million  penthouse purchase in NYC and the book The Quants.  $3 billion dollar inflows into Vanguard Total International Bond ETF is a short bet on USD, one of the most crowded trades currently, not just in Macro but across the board.  Dan Carlin's amazing Hardcore History podcast, Blueprint for Armageddon an epic tale of the Somme in World War I.  My EURUSD trade setup and how I approach Macro Trading as a systematic quant.  And finally an interpretation of a quote fro

Chris and Tyler talk about curve fitting and over optimization of trading strategies.  This episode is a lot shorter than normal, we touch on a single subject vs going deep on the markets. If you like it and want more, let us know what you’d like to hear. Also if you want more of the long form, tell us what YOU want! Chris talks about what he looks for in a strategy to consider: Predictability - the ability to predict a trade is forthcoming, not predicting the results.  Repeatable - does this setup repeat over time. Define-able - can you clearly define the parameters. What does over fitting look like in trading setups?  “I just want to be consistent.”  Seeking high win rate systems lead us down the path of over fitting.  Random walk price data and finding setups that you start believing are edges, but end up being curve fit on random price series.  Testing in-sample and out of sample data (training and test data sets). Train model on in-sample data, then test it on the out

Chris sits down and chats with Macro-Ops Co-Founder Alex Barrow. This one goes deep! If you are looking for an abridged version of the Monthly Intelligence Report, this isn’t it. If you want to download Alex’s views on the markets into your brain operating group, this is the episode for you. We spend over two hours talking about: Adam Robinson’s interview on the Knowledge Project Podcast, part 1 https://fs.blog/adam-robinson-pt1/ and part 2 https://fs.blog/adam-robinson-pt2/ And go over how he looks at markets. We cover Copper to Gold Ratio and how the Credit market leads equities. Tesla short. Why everyone is bearish the dollar? How do we play that? Gold leading the dollar, Platinum leading gold and what price levels are important there. Global recession outside of the US. Chris’s labored retail store as trading analogy, losses are operating costs. Building better systems, better mental models and stepping away. Alex was a sniper in the United States Marine Corps, and how that transfers

 Chris chats with Macro-Ops Co-Founder Tyler Kling.  We discuss how Tyler got into the finance world out of school at a family office, then moving on to trading for himself.  Tyler is heavily focused on the Volatility Complex and talks about a call he put out on VXX and VIX near the December low’s in the markets and what that looks like now.  We touch on the indecision currently in the markets and Chris’s short trade setup and contingency plan on the S&P this week.   This week Tyler wrote about a Classical Chinese text from thousands of years ago, the Zhuangzi and how it applies to traders today. Bleak stuff indeed!  Check out the article here: https://macro-ops.com/play-to-win-or-go-out-like-broomcorns-uncle/ Optionality, finding smart beta with a macro overlay and looking to get paid by the market for that risk. Getting out of the reactive state and making the best decisions when they are the most obvious.  Then finally we get to Poker! You can reach Tyler at @TylerHK