Macroeconomics
Macroeconomics
Macro research framed around how policy, growth, and liquidity reshape the relative roles of assets and industries.
Macro at BGA is a first-layer framework for cross-asset work — not an isolated forecast exercise.
We study how different macro regimes change preferred exposures: growth cycles, inflation regimes, rate transitions, and periods of elevated uncertainty.
From that base, we connect macro conditions to industry capex, commodity demand, and reserve-asset behavior.
- Growth and inflation regimes
- Rates, dollar, and liquidity channels
- Trade, geopolitics, and policy risk
- Mapping macro into asset roles