It has been a while since we have discussed ideas in the "macro" space. This is ok with us, as we prefer to focus on individual companies and stocks. With individual stocks, we can concentrate on valuation and price action in order to drive a trading suggestion that makes sense with moderate risk. But there are times when the macro picture looks like it has hit an extreme and that a reversal in direction may be underway. Under these circumstances, macro trades can be quite rewarding.
