Pascal Hügli
Practical macro framework: buckets for growth, inflation, liquidity and using cross-asset correlations to find edge
Use weighted buckets of growth and inflation data (tracking both level and speed across multiple horizons), treat liquidity as a function of real rates, and identify the marginal driver of markets via cross-asset correlations, lead/lag and dispersion to find mispricings and alpha.
- Framework: build weighted 'buckets' for growth and inflation metrics, tracking both level and speed over 1/3/6/12-month horizons rather than treating single prints as binary signals.
- Growth focus: prioritize labor-market metrics (NFP, unemployment, average hourly earnings, hours worked) because consumer spending is labour-driven and GDP is a slower signal.
- Inflation bucket: core and headline CPI/PCE/PPI plus energy/commodity components; aggregate into a tracked composite by weight and horizon.
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