A “global macro” approach to financial markets is distinct from other strategies in one major way: It is definitively a top-down method of capital allocation, taking account, first, of macroeconomic and political factors. And, with the continuing proliferation of exchange-traded funds geared to particular countries, global macro is increasingly accessible to self-directed investors. Real Vision’s Jamie McDonald introduces global macro as a strategic investing concept, highlighting both long and short setups across asset classes to give it real-world meaning.