Trading Global Macro Markets

In Trading Global Macro Markets, global macro veterans Dirk Willer and Alex Saunders deliver a comprehensive and insightful discussion of every major asset class--including government debt, credit, top-down equity markets, foreign exchange markets, and commodities--around the world. They cover frameworks back-tested over more than 20 years, illustrating not only how to best trade each individual asset class, but how to best choose between those asset classes and how to utilize cross-asset class trading strategies. The authors includes practical case studies and descriptions of actual trades throughout the book to better illustrate the concepts discussed within. They explain how to trade the business cycle and how to trade the most common macro events, like data releases, OPEC meetings, wars, and more. Willer and Saunders also write about tactical asset allocation, showing how to navigate a post-quantitative easing world in which volatility and higher interest rates create opportunities in global rates trading. Trading Global Macro Markets is a fully validated guide on how to trade every relevant part of the global macro markets. It's a thorough--and thoroughly researched--roadmap filled with charts, case studies, examples, and tools that avoid complex mathematics and formulas wherever possible to remain highly accessible to readers from a wide variety of backgrounds. Perfect for global buy and sell-side professionals, market and academic researchers, regulators, and policymakers, this book will earn a prominent place in the libraries of any finance practitioner and trader with an interest in the interplay between macroeconomics and successful portfolio management. It's bound to become a popular favorite as synchronized monetary policy and low interest rates give way to more frequent economic upheavals and increased global volatility.