---
id: "concept-macro-trading"
type: "concept"
source_timestamps: ["00:01:16", "00:01:48"]
tags: ["investing", "trading-strategy"]
related: ["entity-armington-capital", "concept-cta"]
definition: "A top-down investment approach focusing on broad asset classes, interest rates, and economic trends rather than individual company fundamentals."
sources: ["dillian"]
sourceVaultSlug: "jared-dillian-macro-trading-wealth-2026Jun25"
originDay: 6
---
# Macro Trading

## Definition

A top-down investment approach focusing on broad asset classes, interest rates, and economic trends rather than individual company fundamentals.

## Detail

Macro trading is a top-down investment strategy that focuses on broad economic indicators and asset classes rather than individual stock picking. A macro trader analyzes the actions of central banks (like the [[entity-federal-reserve]]), overall economic health, inflation, and geopolitical events to make trading decisions.

Instead of evaluating a specific company's earnings or fundamentals (a bottom-up approach), a macro trader trades instruments like:
- Interest rate futures
- Currencies
- Commodities
- Broad equity indices

The goal is to profit from large-scale systemic shifts in the global economy. [[entity-jared-dillian]] practices this strategy through his firm [[entity-armington-capital]], which is structured as a [[concept-cta]].

## Related

- [[entity-armington-capital]]
- [[concept-cta]]
- [[concept-yield-curve-dynamics]]