Macro Investing Explained

In this video Anthony is joined by Mike Singleton, the founder and senior analyst at Invictus Research. Mike previously worked at Broad Run Investment Management, a private investment firm where he was responsible for leading investments of over $100mln in client capital.

Prior to that, he held investment management roles at Main Street Capital and T.Rowe Price. He is also a CFA charterholder and a member of the CFA Society of Washington, DC.

- Introduction (00:00)
- What do most investors struggle (2:05)
- Growth and inflation framework (3:50)
- The importance of the business cycle (5:17)
- The four economic regimes (6:15)
- Growth cycle and its implications (7:05)
- The relationship between markets and the economy (11:29)
- Equity sector performance over different economic regimes (14:54)
- Equity style factors (17:05)
- Investment risk spectrum (18:11)
- The importance of monetary policy (19:16)
- Confirmation from asset markets (21:52)
- Lessons from Stan Druckenmiller (24:18))
- The growth cycle drives trends (25:26)
- Why analyse positioning and sentiment? (26:58)
- Typical day in tracking markets for Mike (27:46)
- Thoughts on crypto (30:48)
- Where is the market in the four regimes? (33:59)

Social Media handles:

►Twitter: @amplifytrading @AWMCheung
►Instagram: @amplifyme @amplify_ant

#macro #investing #trading

[anthonycheung]

Many thanks to Mike for his excellent breakdown! Any questions at all please feel free to leave a comment below and either Mike or myself can respond. Thanks for watching!

[ACap]

so underrated this information is so useful. thank you so much!!!

[ivancastro]

This was extremely insightful, great introduction video. I know for a fact I will be an Invictus Research student!! Thank you Anthony and Mike for sharing!!

[kevinlaffey]

This was a tremendous presentation of great value and insight. Thank you Michael so much. And thank you Anthony for bringing Michael on and for the intelligent questions. The Invictus research process is fortress and Michael is highly competent and qualified. Definitely am going to investigate adding to my information mix. I front-ran Michael or Anthony in answering a question to Aleks, below, on the divergence on the 10Yr vs copper/gold vs small caps/large caps chart from the presentation. Think I got it right but maybe one of you might want to check me. Really appreciate what you produce Anthony. Thanks again both of you.

[taurusneil]

This was an amazing session. Thanks Mike!