Macro/Fundamental Research Systems

Most traders treat macro as a prediction engine — forecast the next rate decision, bet the forecast, and get run over when price does the opposite. This course rebuilds macro and fundamental research as a context system instead: you learn to classify the regime from rates, inflation, growth, and liquidity, translate it into sector and factor tilts, read financial statements and valuation without precision theater, trade earnings as an expectations game, and assemble the whole thing into one research board that outputs sized, invalidated ideas rather than a single arrow. It builds directly on the sizing and invalidation vocabulary from Risk, Position Sizing, And Invalidation and the regime thinking from Auction Market Theory And Market Regimes. By the capstone you can trace any idea from the state of the world down to a position size and a written invalidation level.