Midday Macro

2025 Costanza Trades – LAST MIDDAY MACRO

Midday Macro - Color on Markets, Economy, Policy, and Geopolitics

Dec 20, 2024 • 

Michael Ball, CFA, FRM

2

The Melt Up Continues: Falling Volatility Keeps Equities and Rates Well Bid

Midday Macro - Color on Markets, Economy, Policy, and Geopolitics

Dec 6, 2024

2

November 2024

The Trump Trade Resumes as Markets Navigate Increased Headline Volatility

Midday Macro - Color on Markets, Economy, Policy, and Geopolitics

Nov 22, 2024 • 

Michael Ball, CFA, FRM

3

You Reap What You Sow: Is Trump 2.0 Stagflationary?

Midday Macro - Color on Markets, Economy, Policy, and Geopolitics

Nov 15, 2024 • 

Michael Ball, CFA, FRM

6

October 2024

The Unlikely Resilience of Risk Appetite

Midday Macro - Color on Markets, Economy, Policy, and Geopolitics

Oct 18, 2024 • 

Michael Ball, CFA, FRM

4

Election vs. Earnings: Market’s Coming Dilemma

Midday Macro - Color on Markets, Economy, Policy, and Geopolitics

Oct 11, 2024 • 

Michael Ball, CFA, FRM

3

Labor Market Sentiment Is Too Negative Given Where Growth Is

Midday Macro - Color on Markets, Economy, Policy, and Geopolitics

Oct 3, 2024 • 

Michael Ball, CFA, FRM

2

September 2024

Beijing Goes Big, But Is It Enough?

Midday Macro - Color on Markets, Economy, Policy, and Geopolitics

Sep 27, 2024 • 

Michael Ball, CFA, FRM

3

Policy Error No More? Powell Gets His Way and Potentially Saves the Day

Midday Macro - Color on Markets, Economy, Policy, and Geopolitics

Sep 20, 2024 • 

Michael Ball, CFA, FRM

1

Sequential 25bps Cuts Still Modal Outcome Until Q2 2025, but Deteriorating Labor Markets Will Keep Fed Officials “Open Minded”

Midday Macro - Color on Markets, Economy, Policy, and Geopolitics

Sep 12, 2024 • 

Michael Ball, CFA, FRM

1

August 2024

Historical Equity Rally Pauses as Markets Weigh a Mixed Macro Backdrop

Color on Markets, Economy, Policy, and Geopolitics

Aug 21, 2024 • 

Michael Ball, CFA, FRM

2

Calmer Markets in “Wait and See” Mode Ahead of Next Week’s Heavy Data Deluge

Color on Markets, Economy, Policy, and Geopolitics

Aug 9, 2024 • 

Michael Ball, CFA, FRM

2