My thoughts on global macro, micro, and everything in between
| Platform |  | Pricing | Freemium | Publishes | Daily |
|---|---|---|---|---|---|
| Issues | 273 | Founded | 3 years ago | Last Issue | 6 days ago |
| Active | |||||
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paulomacro.substack.comLatest Issues
The Other Invisible Metal
Event-driven Optionality Strikes Again
Last November, I wrote up a bullish thesis on nickel I called The Invisible Metal. I saw see nickel as an opportunity perceived as hopeless by investors. The consensus view was for surpluses out to 20...
Positioning in Oil and Nasdaq Is All Wrong
I don't mean to harp on about oil -- I really don't. But if you are into positioning, this setup is simply wild.
Last weekend in The Second Mouse Is About to Get the Cheese, I wrote about how investors were fading the recent oil rally int...
The Second Mouse Is About to Get the Cheese
Oil plus the Macro Soft Patch
Still catching up from late summer travel so thank you for being patient. Every once in a while I will just sit down and go through 400+ charts to see if anything stands out as I look to find my footing. A few...
Fly on the Wall with Shrub & Cloudbear
Revisiting the bonds, AI, and risk... 10 Sept 2026
It’s Trump’s House and we’re just living in it, and it is a bull market in memes in the market cartoon. So I had to call my bff Le Shrub to chat about the bonds, the Anthropic IPO and the...
Ramblings & Ruminations: Instability, Soft Patch Bonds, New Trade Idea
Correlation & Dispersion Remain Top of Mind As Vol Decompresses
A few thoughts on:
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Speculation is the search for truth in price and time. Operator in global markets for 20+ years. Trying to see around corners while minimizing mistakes. These are my ramblings.
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