[syntheweave]

My bachelor's agrees on this. Macro is a set of theories that can explain a certain set of economic norms, but in most circumstances these theories don't have anything like the predictive power of scientific theories backed by experiment.

However, my retail investing experience suggests that what macro is good for is spotting cracks in the framework with respect to specific countries and industries. Cracks aren't prices - when a market is way out of equilibrium, prices can go along saying one thing for quite some time while the real economy does something else. But it can produce broad strokes answers of "don't touch this asset" vs "only temporary setbacks here".