Category: Research

Macro Ops Portfolio Return Metrics *Through December 8th 2017YTD: 22.19%12-Month Return: 20.57%Inception (Jan 1st, 2016): 40.88%Annual Vol: 7.85%Sharpe Ratio: 2.29Max DD: –3.97% To others, being wrong is a source of shame; to me, recognizing my mistakes is a source of pride. Once we realize that imperfect understanding is the human condition, there is no shame…

Alex here with this week’s Macro Musings.As always, if you come across something cool during the week, shoot me an email at alex@macro-ops.com and I’ll share it with the group. Recent Articles/Videos — A Repricing In The Oil Market — We reiterate our bullish call for the energy space. Fox, Disney, and Netflix — AK covers…

The following is an excerpt from our Macro Intelligence Report (MIR). If you’d like to learn more about the MIR, click here.Seeking out asymmetric trades today is a bit tougher than normal because of where we are in the cycle. We’re in the latter stages and valuations are high (very high) so upside is somewhat…

Tyler here with this week’s Macro Musings. Just a heads up, we released the newest issue of our Macro Intelligence Report (MIR) last night. It’s all about an asset the overall market is getting completely wrong — oil. Within the 40+ pages of this report we go into depth on exactly why the market is…

To be a smart contrarian you need to have the confidence to dive into unloved areas of the market and sort through the rummage in search of asymmetric opportunities. Our team at Macro Ops has been digging deep and has finally “struck oil” in the energy market.  The popular narrative driving oil’s bear market over…

AK here with this week’s Macro Musings. As always, if you come across something cool during the week, shoot an email to alex@macro-ops.com and we’ll share it with the group.Our Recent Articles — Bruce Kovner On Listening To The Market, Politics, & Risk Control: For those of you who missed it, we reposted Bruce Kovner’s…

I’ve written a lot about how the US dollar is the fulcrum of the global financial system. Commodities are priced in dollars. Global trade is done in dollars. And the majority of international funding is in USD. The dollar is important. Dollar trends impact markets and assets around the world in various ways. Hence why…

There’s some growing signs of weakness in this market. Breadth is slipping, credit doesn’t look too great, there’s more new lows versus new highs being made… that kind of stuff. I’m still not getting any major sell signals, except from my high-yield indicator. It flashed a signal today. But there’s word the recent weakness in…