Pro Macro: In Focus – Seeds of Change

Published on: January 17th, 2023

US Exceptionalism has dominated the investment landscape since the GFC lows. The tide appears to have turned as capital returns home or goes in search of value outside of the US. If this persists, it will have implications for asset allocation within equities with a reflexive impact on currencies. A thesis follows.

Comments

  • JM
    John M.
    17 January 2023 @ 20:38
    2 0
    Didn't receive an email alert for this?
    • JL
      John L.
      20 January 2023 @ 03:57
      1 0
      @Milton I don't have pro all access Just pro macro Could you please send separately in future
    • BF
      Ben F.
      19 January 2023 @ 17:02
      0 0
      @milton this is has been a fairly regular complaint for a long time now. The delay in trade ideas means J & R's opening positions and reported returns are often unachievable for everyone else. Trying to get trade ideas out as quickly as possible would be helpful.
    • PE
      Paul E.
      18 January 2023 @ 18:33
      1 0
      I received an email yesterday with this subject line: Pro Macro Update: In Focus with Julian Brigden
    • JM
      John M.
      18 January 2023 @ 18:03
      6 0
      Can you send to pro macro only subscribers as well in the future please?
    • M.
      Milton .. | Founder
      18 January 2023 @ 16:07
      1 0
      Hey John, to avoid sending out so many emails, we sent Pro All Access members one email containing both the Pro Crypto and Pro Macro update.
    • JL
      John L.
      18 January 2023 @ 14:28
      1 0
      Same I also didn't receive
  • JM
    John M.
    17 January 2023 @ 20:56
    2 0
    Also seems to be a typo in the recommendations end box, trade is EWP/SPY not EWW/SPY?
    • HM
      Harry M. | Real Vision
      19 January 2023 @ 11:23
      0 0
      It is meant to be EWP. The Spanish stock market is very "cheap", in that it has underperformed for a long time.
  • BM
    Brent M.
    18 January 2023 @ 05:42
    3 0
    How does one make these types of trades where it is a buy/sell of two different ETFs? Action: Buy EWP (iShares MSCI Spain ETF) sell SPY at 0.067, stop below 0.054.
    • HM
      Harry M. | Real Vision
      19 January 2023 @ 11:23
      0 0
      Luis is absolutely correct.
    • LM
      Lawrence M.
      19 January 2023 @ 06:12
      1 0
      To add to Brent's question on how to chart this using trading view, Is there way to set a ratio alert? I have trading view and Interactive brokers
    • BM
      Brent M.
      19 January 2023 @ 03:53
      1 0
      Thank you Luis H. If I may, I have one more question. What platform lets you chart two symbols into a ratio? One could do it manually, but it seems Julian has this auto-generated through his charting program (which I believe is his Bloomberg). But for those of us using trading view, is there a way to do ratios like this?
    • PE
      Paul E.
      18 January 2023 @ 20:34
      0 1
      Luis H, thank you for the detailed explanation!
    • LH
      Luis H.
      18 January 2023 @ 09:21
      5 0
      You buy the EWP ETF normally and sell an equivalent amount ( in $terms) of SPY when the ratio between the quotes of the two are aprox 0.067 (i.e. now). For that you have to have an account that lets you short SPY. You exit the trade if the ratio goes againt you ( 0.054 or lower). Since it is a long term trade you increase the position incrementally if it goes in your favor ( I.e. the ratio increases. Julian expects that the rate can go to 0.15.