The Journal of a Macro Speculator
Iain CunninghamA transparent journal of my macro process evolution and trading activity in global equities, currencies, rates & commodities. Discretionary global macro approach with a 0-12 month horizon.
| Platform |  | Pricing | Only free issues | Publishes | Twice weekly |
|---|---|---|---|---|---|
| Issues | 43 | Founded | 8 months ago | Last Issue | a month ago |
| Active | |||||
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thejournalofamacrospeculator.substa...Latest Issues
Macro Monthly: The Stagflationary Impulse Returns
Intro
This intro sets out the core frameworks that I use to contextualise the macro environment for trading.
Firstly, over the medium term, I believe that macro cycles are heavily influenced by policy dynamics: monetary, fiscal,...
Trade Entry - update
I’ve decided to close my open trading positions today.
Just as oil markets and much of equity markets had come close to pricing out the conflict premium, post-three months of de-escalation, it now feels the most likely it has done for thin...
Currency Game Plan: Conflicting cross-currents
Game Plan Summary:
Global risk regime: Positive. All in, I remain of the view that the broad global risk environment will continue to evolve positively, particularly in the US and Europe, with China acting as a drag.
USD regime: Neutr...
Trade Entry - Update
A bit of housekeeping.
I entered a number of long equity positions on 25/03/2026 due to my belief that Trump was seeking an off-ramp from the Iran conflict, bullish positioning had been washed out, and key markets had moved down into major...
In Warsh We Trust?
It’s 7 p.m. in London and I’m sat reading the press statement and about to watch the FOMC press conference.
If I’m honest, it’s been a while, but I declared it the most important policy meeting of the year…and it might be the last one…so I...
Audience Metrics
Subscribers, engagement, traffic and sponsorship for The Journal of a Macro Speculator.
| Subscribers | Engagement | 71 | Monthly Web Visits | ||
|---|---|---|---|---|---|
| Accepts Sponsors | Estimated Cost per Ad | ||||
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Authors
The writers behind this newsletter.
Ex-pro Global Macro Fund Manager. Avid traveller. Author of The Journal of a Macro Speculator - a transparent journal of my trading activity across global equities, currencies, rates, and commodities. Discretionary global macro approach
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