Macro - Why it is important, and what is my (current) mental model
prashanthswaminathan.substack.com
tl;dr Macro moves slowly but decisively, creating inflection points Don’t fight the Fed My 2*2 model of macro, outlining 4 possible scenarios Market’s expectation vs Fed’s base case implies risk-reward is skewed to the downside in the short to medium term
Such a wholesome take!.