Attack the Week (ATW)
Macro Thoughts / Weekly Calendar / Dashboard Summary / Allocation Update
It is a bank holiday weekend here in the UK, and I’m enjoying some family time in the countryside. There is not much colour to add to what I wrote in Friday’s thought piece. I think we are in the late stages of a narrative-driven market. These structures are powerful and extend further than many think. They top out and potentially change direction when we can not extend gains despite positive news. I am watching for those signals in the coming week, as my overall sense tells me there is going to be a shift change, and I am preparing for this.
Beyond this, I am working on expanding the pa-globalmacro offering. Currently, it contains the dashboard, the signals, and the individual charts. Also, a reminder that you can use my trading models in TradingView scripts, which I made available for subscribers to use on their charts. This is not free and also incurs an additional cost. These are the momentum, reversal, and intra-day models I often reference. If you are interested, ping me an email with your TV username. Note that only paying subscribers will be granted access. No exceptions.
Let’s now review the weekly macro calendar, the key highlights from the latest dashboard update and the PAAM allocation model, which has switched to long equity exposure in early April. The combination of discretionary thoughts for the road ahead, along with a signalling system for shifts and allocation preferences, is the best possible way to navigate macro markets.
I have tested and looked at many others, but this one is what works for me. Many are losing the forest for the trees by going down rabbit holes of complicated models and analysis that are all microcosms of what really matters. Substance over complications. In the end, what we aspire to here is to get the big shifts roughly right rather than being precisely wrong. The performance of our models, as well as the 2026 portfolio so far this year (+13%), speaks for itself.
Let’s also read Macro D, our loyal friend and macro thought contributor, and his latest thoughts while we analyse his latest running Macro FX portfolio, which had another successful week with a gain of +6.5%.
Have a wonderful week ahead. May, here we come.
