Nov 10 • 12M

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Alfonso Peccatiello (Alf)
The 10.000 foot view of Global Macro and Financial Markets, such that you don't miss the forest for the trees.
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For years, I was blessed with the opportunity to run a $20 billion multi-asset institutional portfolio.
And yet, something didn’t feel right.

The amount of information, data, and knowledge available to financial institutions is unparalleled…and yet, strictly reserved only for The Ivory Tower members.
I didn’t like that.
I grew up in a humble background in the South of Italy - my father is a forklifter, and he taught me the real joy in life is not to be privileged, but to share with others.

And that’s why in December 2021 I took a massive, scary leap of faith - I left the industry and started sharing my insights with you on The Macro Compass.

It was one of the best decisions of my life.
The response was incredible: in only 11 months The Macro Compass has become one of the biggest macro newsletters in the world with over 115,000 subscribers.

Which brings me to what comes next.

A newsletter is not nearly enough to fill the gap of macro knowledge, portfolio construction, risk management and access to data and tools between financial institutions and regular investors.

Today, The Macro Compass graduates from a newsletter to an all-round macro platform whose aim is to send retail investors through a holistic macro learning journey and provide institutional risk-takers with a pro, tailored service.

It’s time to step up the game.


The Macro Learning Journey Ahead

(If you are a pro investor, scroll down below - there is a dedicated section for you).

Educational. Interactive. Actionable.
These are the three features of the macro learning journey ahead of us.

The Macro Compass will cover them all, and provide you with:

  1. Macro Reports

    The idea is to provide unique insights and break down what’s happening in macro and markets around the world.

    A weekly big picture report for long-term investors, and more frequent and timely updates covering macro events as they happen and also highlighting tactical trade opportunities for all-round investors.

  1. Macro Courses

    There is no Global Macro University out there, and I want to fix that.
    The aim is to deliver an educational journey that encompasses monetary mechanics, the functioning of all asset classes, principles of portfolio management and much more.

  1. Interactive Macro Tools

    Professional investors have access to incredibly expensive platforms (e.g. Bloomberg) and therefore have an edge in analyzing macro and market data.
    I want to fill that gap.

    The Volatility-Adjusted Market Dashboard (VAMD) will allow you to track cross-asset moves and easily connect the macro dots out there, and most importantly to interactively play around with bond market and derivatives data so far only accessible to financial institutions.

In the pipeline, we have many more tools: for instance, an interactive Macro Database where to access, analyze and chart all macro and market data out there.
And much much more!

  1. Actionable Investment Strategy

The Macro Compass is not only talking the talk, but also walking the walk.
There is no proper macro learning journey without getting our hands dirty, and hence The Macro Compass will deliver both a Long-Term ETF Portfolio and Tactical Trade Ideas generated through a data-driven approach and with a keen eye on risk management.

In other words, The Macro Compass graduates from a newsletter to a holistic platform that allows you to really step up your macro game.
Delivering all the above involves facing significant expenses, including hiring an amazing team of people and paying the hefty subscription fees to many services required for me to close the gap between Wall Street and you.

Hence, from January 1st stepping up your macro game will require an investment from your end.

But.

As you have relentlessly supported me for 11 months, the least I can do is to give the 115,000+ TMC subscribers a highly preferential treatment.

Using the code TMC, the first 2,000 subscribers will get a 20% off on all products.
This code will be only available to subscribers of The Macro Compass newsletter - only to you, and not to people following me on social media for instance.
The offer is anyway valid until November 30th, and after that prices will increase.
First come, first served.

What tier to choose?

The Long-Term Investor subscription gives you access to weekly reports, ETF-only portfolios and 25% discounts on upcoming macro courses - it’s designed for long-term investors and using the TMC code it will cost EUR 319 for the calendar year 2023.

The All-Round Investor subscription gives you access to much more on top of that: timely macro reports around big events (e.g. Fed/ECB meetings), tactical trade ideas, access to the interactive macro tools, 50% discounts on macro courses and a monthly Q&A Zoom call - it’s designed for all-round investors and using the TMC code it will cost EUR 999 for the calendar year 2023.

If you want to be amongst the first 2,000 subscribers and make use of the exclusive TMC discount code, the link to The Macro Compass website is here.

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From Risk-Taker to Risk-Taker

I have been an institutional investor myself: we are always short of time, and yet inundated with (mostly useless) information by counterparts trying to lure us into making business with them.

I feel you, and that’s why I am going to do something else.

The Pro Investor subscription encompasses the following:

  • The entire All-Round Investor service (see above);

  • Additional 5-minutes quick notes only when I can add value to your framework;

  • Timely and concrete trade ideas solely designed for institutional investors;

  • An exclusive monthly deep dive piece covering all asset classes in depth, and zooming in on alpha-generating institutional trade ideas;

  • Pro Interactive Macro Tools to facilitate your risk-taking duties and help you find strong risk/reward trades;

  • The possibility to book me for 1-1 calls in a flexible manner.

It’s a package designed for risk-takers, from a risk-taker.
For instance, the first readily available Pro Interactive Tool will be the Probability Distribution Tool (PDT).
It will allow you to analyze past and present option-implied distributions for any liquid market and hence greatly facilitate the study of market-implied probabilities and tail risks necessary to find alpha-generating trade ideas.

And there are many, many more Pro Tools that will be available in 2023.

As you have relentlessly supported me for 11 months, the least I can do is to give the pro investors within the 115,000+ TMC subscribers a highly preferential treatment.

Using the code TMC, the first 200 subscribers to the Pro Investor tier will get 20% off.
This code will be only available to subscribers of The Macro Compass newsletter - only to you, and not to people following me on social media for instance.
The offer is anyway valid until November 30th, and after that prices will increase.
First come, first served.

Using this discount, the TMC Pro Investor subscription will cost you EUR 4,000 for the calendar year 2023.

What’s the Pro Investor+, you might wonder?

It’s an enhanced subscription that guarantees you regular Zoom meetings (also possible in person) and a direct communication line with me, and most importantly the access to the exclusive Macro Roundtables: every quarter, we will gather with a group of selected top-class macro investors and brainstorm about macro and trade ideas in a relaxed, informal setup.
Seats are limited for the Pro Investor+ subscription.

If you want to be amongst the first 200 subscribers and make use of the exclusive TMC discount code or enquire about the Pro Investor+ service, the link to the Pro section of The Macro Compass website is here.

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To Wrap It Up

Today, The Macro compass graduates from the biggest macro newsletter in the world to an all-round platform whose aim is to help investors fill the data, tools and macro knowledge gap they unfortunately face versus financial institutions.

As you have relentlessly supported me for so long, I chose to create an exclusive discount code only valid for The Macro Compass newsletter subscribers.
The first 2,000 retail and 200 pro subscribers will get 20% off as long as they use the TMC discount code before November, 30th.
First come, first served - the link to the website is here, and pro section here.

The service will start on January 2nd, 2023 and in the meantime I’ll keep delivering articles here on Substack.
In 2023, the Substack free newsletter will not cease to exist - I will occasionally publish free educational articles here too, but The Macro Compass platform will offer much more value in the form of reports, courses, interactive tools and investment strategy.

Let’s kick off this macro learning journey.
Together.

Truly yours,

Alf

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