Macro Regime
The context behind every risk score
Defensive / dividend +0.3 · headwindEquity / ETF / index +0.5 · headwindCrypto +1.5 · headwind
Global Liquidity65Expanding
Liquidity Cycle-6.2Contracting
Credit Stress2Neutral
Rate Cycle4Peak Hold
Global LiquidityExpanding
Rate CyclePeak Hold
Credit StressNeutral
Liquidity CycleContracting
Macro tilt by asset class — Defensive / dividend neutral · Equity / ETF / index neutral · Crypto +1.5 (headwind)
Liquidity
Global Liquidity Score
65.2Expanding
Net Liquidity
$5.92TLiquidity Cycle
-6.22Contracting
Rates
Rate Cycle
Peak HoldCredit
Credit Stress
NeutralInflation
CPI YoY
3.5%CPI YoY
10Y Breakeven Inflation