Macro Trading Opportunities

29-11-2024 • 59 min

Tony Greer is here to share Macro Trading opportunities based on his insights from his dynamic career as a trader, spanning roles in FX and more, to his transition to founding The Morning Navigator newsletter. Tony reflects on the challenges of trading during the dot-com bubble, emphasizing the lessons learned from navigating volatile bear markets and adapting to shifts in trading technology. Tony explains how he thrives in today’s fast-paced trading environment, benefiting from volatility to capitalize on market moves.

Today we discuss...

Tony Greer divided his career into two halves: trading FX and commodities at Goldman Sachs, then moving into equity sales while consistently writing about markets.
His independent trading firm during the 2000 tech bubble was an 18-month break-even experience, offering valuable lessons in market volatility and sentiment.
Tony’s enduring passion is his market commentary, culminating in his newsletter The Morning Navigator, now in its ninth year.
Tony attributes his trading success to learning from both bull and bear markets, emphasizing that bear markets require a different, more challenging skillset.
Tony highlights the evolution of trading, from transparent electronic montages in the early 2000s to today’s opaque markets dominated by dark pools and hidden orders.
His approach relies heavily on technical analysis, using risk-reward setups and trailing stop-loss strategies to navigate volatile markets.
Tony’s macro calls are driven by observing market sentiment and trends.
With the rise of ETFs, options, and daily expirations, Tony notes that markets have become more dynamic and unpredictable, fueling opportunities for active traders.
Markets often telegraph political outcomes, as seen when Trump’s polling surge triggered a market breakout.
Post-election market moves often reflect emotional reactions and capital deployment in favored sectors.
Bank stocks and financials surged on election news, signaling bullish sentiment with substantial sector-wide moves.
A steepening yield curve is a sign of economic health, often correlated with improving data and rising interest rates.
The S&P’s consistent earnings growth supports its role as a robust inflation hedge and investment choice.
Trading strategies vary across time horizons, with different accounts dedicated to day trading, mid-term investments, and long-term positions.
Success in trading requires passion, discipline, and finding a personal methodology that works for the individual.
Markets thrive on diversity in strategies—there’s no single “right way” to trade or invest.