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by snake_doc
1510 days ago
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I disagree, because macro view investment managers exist. Also, fixed income instruments react very predictably to macro trends. ie Ackman’s recent bet on interest rates that paid off [1] Entire prop trade desks exist to bet on macro news like labor job reports, on many different asset types through derivatives like index futures, FX futures, etc… This is very easy to observe if you view tick data for these derivatives before and after news is released. While macro view is less relevant on a single equity, it’s very much a proven way of investing in a variety of asset classes. [1] https://www.institutionalinvestor.com/article/b1vl6gf18v9f5v... |
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