Darius Dale on LinkedIn: Invest smart - 42 Macro (2024)

Risk Management Strategies: How To Avoid Losing It AllI joined our friend Andreas Steno Larsen on Real Vision last week to discuss inflation, what 42 Macro’s quantitative asset allocation process is signaling, where we are in the positioning and liquidity cycles, and more.If you missed the interview, here are the three most important takeaways from the conversation that have significant implications for your portfolio:

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Good morning and God bless to our global #Team42 community!Today’s Key Macro Events:ECB Governing Council member Olli Rehn said investor expectations for two more rate cuts this year are fair. The comments are contributing to a Stoxx 600 up, EUR down dynamic today. If the ECB remains ahead of the Fed in its easing cycle, will we see a liquidity-draining rally in the US dollar?Yesterday’s $69bn auction of 2yr Treasury notes drew a bid-to-cover ratio of 2.75 — the highest in a year. Primary dealers took down 13.5% of the total — the second lowest rate in a year. Recent success in Treasury auctions is a function of growing investor demand for Treasurys amid slowing growth, cooling inflation, and a dovish Fed. How much longer will our “Jay wants a soft landing” theme be more dominant than our “Janet wants softer inflation” theme?FedEx $FDX is up over +13% in the premarket after beating on sales and earnings, raising guidance, and announcing a $2.5bn buyback. We were among the first to call out the then-pending recovery in corporate profits nearly a year ago, citing bullish developments in the 42 Macro Corporate Profitability Model, and our clients have benefitted tremendously from the resulting melt-up in #stocks. Have we reached the peak of the corporate profits cycle?Consistently making money and protecting gains in financial markets requires a lot of time, expertise, and computational power. Investors partner with 42 Macro because we do the heavy lifting and answer the hard questions for them. See for yourself: https://lnkd.in/geiDgYnW.Have a great day!-Skipper

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The Macro Minute | June 25, 2024In today's video, I discuss NVIDIA's recovery, the liquidity cycle, the recent move in $BTC, and more.You can watch it here:

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Delicious and nutritious food for thought:

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Cooling Inflation Could Create A 'GOLDILOCKS Vibe' In Asset MarketsI joined our friends at Mornings with Maria on Fox Business Network last week to discuss inflation, rate cuts, the resilient US economy, and more.If you missed the interview, here is the most important takeaway from the conversation that has significant implications for your portfolio:https://lnkd.in/dqNwh4Vr

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Good morning and God bless to our global #Team42 community!Today’s Key Macro Events:NVDIA’s recent correction wiped out $400-plus billion from its market cap after it briefly surpassed Microsoft $MSFT as the most valuable company in the world. The stock is up +3% in the premarket as the quarter-end rebalancing flows appear to have run their course. Should investors prepare for more or less stock market concentration in the months ahead?Bitcoin and Ethereum are up +3% and +2%, respectively, recovering from sharp corrections. Bitcoin is down -6% WoW and -11% MoM. Ethereum is down -4% WoW and -10% MoM. There is no shortage of fanciful narratives on free podcasts about how global liquidity is rising and allegedly destined to peak at much higher levels well into 2025, yet neither token has made a new high in 3.5 months. Has the global liquidity cycle peaked already?Boeing $BA competitor Airbus $AIR FP is down -11% today after slashing its annual guidance, indicating persistent supply chain issues in the strategically important sector. The company will deliver 770 aircraft in 2024, down from 800 prior and adjusted EBITDA will come in at €5.5bn, down from €7bn prior. Are Airbus’ issues idiosyncratic or are they a canary in the coal mine for Cyclicals broadly?Consistently making money and protecting gains in financial markets requires a lot of time, expertise, and computational power. Investors partner with 42 Macro because we do the heavy lifting and answer the hard questions for them. See for yourself: https://lnkd.in/geiDgYnW.Have a great day!-Skipper

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