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Macro Investing

Learn how growth, inflation, monetary policy and global capital flows shape financial markets. Build a professional framework for translating macroeconomic change into disciplined investment decisions across equities, bonds, currencies and commodities.

12 hours 32 lessons

Course introduction video

You will learn to interpret economic data, identify the current phase of the business cycle and understand how central-bank decisions transmit through asset prices. By connecting growth, inflation, liquidity and valuation, you will develop a repeatable process for creating macro views, selecting suitable instruments and managing scenario risk.

Course content

Module 1

The macro framework

How the global economy moves markets
Growth, inflation and the business cycle
Leading, coincident and lagging indicators
Reading GDP, employment and consumption
Productivity, demographics and structural growth
Building a macroeconomic dashboard
Separating signal from economic noise
Forming a base-case macro view

Module 2

Policy, liquidity and currencies

Central-bank mandates and reaction functions
Interest rates and the yield curve
Quantitative easing, tightening and liquidity
Fiscal policy, deficits and sovereign debt
Currency regimes and exchange-rate drivers
Dollar cycles and global liquidity
Credit creation and financial conditions
Interpreting policy communication

Module 3

Cross-asset positioning

Equities across economic regimes
Government bonds and duration risk
Credit spreads and default cycles
Commodities, energy and supply shocks
Gold and real assets in portfolios
Global sector and country rotation
Correlations, volatility and regime shifts
Selecting efficient investment vehicles

Module 4

Thesis, scenarios and risk

Writing an investable macro thesis
Base, bull and bear scenario design
Identifying catalysts and invalidation points
Position sizing across correlated assets
Hedging inflation, recession and policy risk
Monitoring the thesis with live indicators
Avoiding consensus and narrative traps
Reviewing and updating macro positions

What you'll achieve

Interpret economic releases and policy decisions with confidence
Identify the market regime and its cross-asset implications
Build evidence-based macro investment theses
Position and manage risk across global asset classes