Sunday Thoughts

Anti-AI / Weekly Calendar / Dashboard Scan / Asset Allocation Update

I hope you are all having a fantastic weekend. The heatwave is finally nearing its end over here, and it's weird, but I am looking forward to some cooler days ahead. I am currently finalising the last few bits of an extensive travel schedule for the next few weeks, and I am using AI to help me. It’s amazing how easy it is to get it to organise and map out a few things. I used to have a travel agent who organised trips for me, pick-ups, visas, etc. Not anymore.

AI is omnipresent now, and for a lot of things, that’s genuinely useful. I don’t feel moral panic when a tool helps me sand down boring work.

But every movement creates a counter movement. It’s almost physics.

The more polished things get, the more we start craving texture. The more “optimal” the interface becomes, the more we want a bit of resistance. A little mess. A little hum.

As an avid music fan, I couldn’t escape the rise of Angine de Poitrine.

They’re a duo from Quebec, and the whole thing is wrapped in anonymity and theatre. Papier-mâché heads, costumes, this surreal stage persona that’s half Dada, half punk art project. They went properly viral off a filmed live session (see their KEXP performance below), which is a sentence I didn’t expect to write about microtonal math rock in 2026.

Musically, it’s tight drums, looping, odd time, and this double-neck microtonal guitar that bends the grid under your feet. “Asymmetrical and dissonant” is how one agency bio puts it, and for once, that doesn’t feel like PR fog.

The thing that gets me is how imperfect it sounds, because it’s literally built around half-steps and quarter-tones that don’t resolve the way your brain expects. You keep waiting for the familiar landing spot, and they keep taking the exit ramp you didn’t know existed.

And somehow it’s captivating. Mesmerising, even. I was looking to get tickets for their London gig, but it was impossible to get my hands on any.

Is that the counter movement? Something stubbornly human that a machine won’t ever replicate, not because it can’t generate the notes, but because it can’t carry the same lived impulse behind them. The “why this, why now, why like that” that only makes sense inside a particular body, with particular scars.

A friend of mine is thinking about launching a business that just creates boring machines. No digital display. No voice commands. Buttons, levers, maybe a spring that snaps back the way it should. A bit of human skill required, and the quiet satisfaction that comes with it. The kind of tool you can understand by looking at it.

I find that idea comforting.

Because finance is doing the same dance. I see more and more Twitter posts about programmed algorithmic trading using AI. It’s great. I mean that. It’s fast, consistent, and it helps people analyse and explore strategies.

But it will never replicate human nature. Instinct. Pattern recognition that was earned the expensive way. The life-long scars that shaped the investors who are still standing.

A machine can optimise execution, but it can’t internalise humiliation. It can’t feel what a drawdown does to your breathing, or how conviction gets brittle when you’re under pressure. That part is learned through exposure, not downloaded through a repo. Do you think Druckenmiller or Paul Tudor Jones use AI much? I doubt it.

There are no shortcuts. Especially not in investing.

That’s also why I have created this little place for readers who are interested in learning, expanding and growing. Together with Macro D, we provide our best knowledge on all things macro - several decades of real experience put together. Tools are now housed in pa-globalmacro.com, a site dedicated entirely to models and technical analysis. I have written a brief how-to guide for those interested.

The point isn’t to cosplay certainty. It’s to open the workshop door and let you see the process, the tools, the mistakes, the risk framing, and the slow habit of staying in the game. This, my friends, will never be replicable. Click to join.

Let’s now look at Macro D’s latest thoughts and his refreshed Macro FX spreadsheet, which captures all his activity from last week. He closed up May with a solid +4.36%. We then scan the weekly macro calendar, analyse the latest dashboard output, and wait for the asset allocation model to reveal its latest asset allocation preference.

Let’s go!