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🐵 what does macro really mean?
it’s no big deal if you can’t predict the market
but it’s critical that you understand the why behind price movements
economic, natural, or geopolitical elements that affect a whole country’s (or the world’s) economy. here are two quick examples we saw in the markets today
biden called for a three-month federal gas tax "holiday" – americans would save roughly 3.6% at gas stations. this could be affecting consumer consumption behaviors, oil demand, a whole of other things.
fed chair jerome powell said that a recession is "certainly a possibility" – he’s the head of america’s central bank and therefore moves world economies, so yeah, whenever he says stuff like that, it moves investors’ capital from one place. (just an aside, i say “duh”, a lot of us has already known that a recession is a “possibility”, so what he said today did not affect the markets that much. classic powell…)
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💡 just something cool
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