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The Macro Insight

Macro Insight

Weekly macroeconomic insights and market recaps. Clear explanations of global economic trends, policy moves, and financial markets. Straightforward analysis for investors, analysts, and macro enthusiasts.

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Substack
PricingOnly free issuesPublishesTwice weekly
Issues89Foundeda year agoLast Issue5 days ago
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Latest Issues

The Weekly Macro Recap: Alphabet Lost $500 Billion in a Day. The Growth Was Fine.

The market stopped paying for AI growth and started auditing who funds it.

Amazon's cloud business grew 39% and Intel's data-center revenue jumped 78%, and both stocks sold off sharply anyway. The market stopped asking how fast AI is growi...

5 days ago
7
4

The return of inflation and the energy shock

The Fed raised rates in September to fight an inflation problem it did not create. On Wednesday it held at 3.75% to 4.00% in a 10-2 vote, said inflation "remains elevated," and hinted that more hikes may follow. A central bank is tightening...

9 days ago
15
4

The Weekly Macro Recap: AI Has a Financing Problem, Not a Demand Problem

On Thursday, Treasury yields fell about 14 basis points, the kind of move that usually lifts tech stocks. The Nasdaq dropped 2.6% anyway. The AI trade has stopped being a story about interest rates and become a story about who pays the bill...

12 days ago
20
3

Government debt: when does the bill finally come due?

The US Treasury paid $963 billion in net interest over the first ten months of fiscal 2026, about $3.2 billion a day. France's 10-year yield briefly topped 5% this month, its highest since 2002, and Moody's reviews the country's rating tomo...

16 days ago
21
4

The Weekly Macro Recap: Chips Lost Over $1 Trillion Because Money Got Expensive

Hot inflation and $110 oil pushed the AI trade into its first real funding test. Bonds rallied anyway and that rally is more fragile than it looks.

A hotter-than-expected inflation report landed on Wednesday, and the 10-year Treasury yield...

19 days ago
13
1

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  • Macro Insight

    Weekly macroeconomic insights and market recaps. Clear explanations of global economic trends, policy moves, and financial markets. Straightforward analysis for investors, analysts, and macro enthusiasts.

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