Macroeconomic Research Department

Global Markets, Geopolitics & the Forces Driving Capital

A research-first department studying the macroeconomic landscape that shapes every investment decision. We publish a monthly briefing covering corporate events, geopolitics, macro indicators, and commodities.

Corporate Events Geopolitics Macro Indicators Commodities
Macro research team at work
About the Department

Reading the Global Tape

The Macro Department takes the top-down view. Where Fundamentals studies companies and Quant builds models, Macro studies the environment in which both operate — the central bank decisions, geopolitical shocks, commodity cycles, and structural shifts that determine whether a thesis plays out or gets overwhelmed by the tape.

Our flagship output is a monthly briefing: a rigorous, sourced synthesis of the developments we think every TIC member should understand. Each month we ask the same question — what matters, why, and how does it connect?

The department is open to members who want research exposure without a capital commitment. Writing a tight, well-sourced piece on Hungarian bond yields or the Strait of Hormuz is a transferable skill; every strategist, portfolio manager, and policy analyst starts here.

Research Areas

Four Pillars, One Integrated View

Every monthly briefing covers these four areas. Together they give readers a complete picture of what the world is doing to markets.

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Corporate Events

Earnings seasons, mega-cap moves, sector rotations, and the stories defining public markets. We track what the Mag-7, private credit, and global indices are actually doing.

Earnings Mag-7 Indices Credit
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Geopolitics

Elections, conflicts, trade deals, and sanctions regimes. We translate political events into market-relevant analysis — how the EU trade pivot, Middle East escalation, or a landmark election changes the investment map.

Elections Trade Conflict Sanctions
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Macro Indicators

Inflation, interest rates, and employment across the US, Eurozone, and Asia. We follow the data that central banks watch and explain the divergences that matter for asset allocation.

CPI Rates Labour Central Banks
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Commodities

Oil, gas, food security, critical minerals, and precious metals. Physical markets rarely stay in the headlines, but they set the constraints everything else operates within.

Oil & Gas Metals Food Rare Earths
Our Process

How the Monthly Briefing Comes Together

Every briefing follows the same four-step workflow. The goal is rigorous, sourced analysis — not hot takes.

01

Scan & Shortlist

At the start of each cycle, authors identify the 2–3 most consequential developments in their area from reputable sources: Bloomberg, Reuters, the FT, central bank communications, IEA, IMF.

02

Draft with Evidence

Each section is written with data points, named sources, and explicit links. If you can't cite it, you can't claim it. Every number has a footnote.

03

Peer Review

Drafts are reviewed by the Head of Macro and at least one peer. We challenge framing, check numbers against primary sources, and cut anything speculative.

04

Publish & Present

The briefing is published to members, shared on our blog, and key takeaways are presented at the monthly club meeting. Authors field questions from the floor.

Your Development

Skills You'll Build

Macro research trains a specific set of muscles — the ones demanded by strategy, policy, and macro investing roles.

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Research & Synthesis

Distil complex, contradictory sources into a clear argument. Find the signal in the noise and present it in a form decision-makers can use.

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Sharp Writing

Write concisely, precisely, and with authority. Macro research lives or dies on the quality of the prose — vague writing hides vague thinking.

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Data Literacy

Read central bank statements, parse CPI releases, and understand what oil inventories or employment prints actually tell you about the world.

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Geopolitical Awareness

Track political developments, understand power structures, and learn to distinguish noise from developments that will actually move markets.

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Source Discipline

Build the habit of primary sources, named attribution, and working from original documents — not a summary of a summary.

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Connective Thinking

The best macro analysts see how energy prices, central bank policy, fertilizer supply, and a single election interlock. Practice drawing those lines.

Research Highlights

Recent Macro Research

Topics the department has covered in recent briefings.

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Geopolitics

EU Trade Diversification: Mercosur, India, Australia

Three landmark deals in three months. Our team breaks down how the EU is rewiring its trade map and what it means for European equities.

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Commodities

The Strait of Hormuz and the Sulfur Bottleneck

Why a single waterway closure cascades through energy, fertilizer, and critical minerals — and why the 2026 Northern Hemisphere planting season is already lost.

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Corporate Events

The Cockroach Effect: Private Credit Stress

First Brands, withdrawals, and what Jamie Dimon's cockroach comment actually tells us about the next leg of the credit cycle.

Read the blog →
Join Us

Macro is for curious writers.

No capital commitment required. If you want to read central bank statements, argue about geopolitics, and write clearly under a deadline — this is your department.

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