February did not play out fully as expected by our Macro regime indicator. We will assess why in the weekly editorial and update projections for March.

February did not play out fully as expected by our Macro regime indicator. We will assess why in the weekly editorial and update projections for March.
Our macro regime indicator is based on liquidity, inflation and growth, which are the three most important tactical asset allocation variables. Here is how we have built the framework and what to expect from it in the coming months.