The Global Macro Edge

Introduction John Netto

The Foundation for Maximizing Return Per Unit-of-Risk

Money Does Not Always Find Its Most Efficient Home PHASE I. REGIME RECOGNITION

More Risk Does Not Always Equal More Return – Jason Roney

Unit-of-Risk Ratios – A New Way to Assess Alpha

Identifying Inflection Points in the Business Cycle – Raoul Pal

Identifying Capital Flows in Financial Markets – Fotis Papatheofanous

Creating an Environment for Identifying the Regime PHASE II. STRATEGY CREATION

Chassis of the Financial Markets – William Glenn

DiNapoli Leading Indicator Techniques for Trading Global Markets – Joe DiNapoli

Understanding Animal Spirits Using Elliott Wave Principles – Todd Gordon

Using Options to Trade the Macro Narrative – Neil Azous 

“Dirty Arbitrage” Spread Trading Asset Classes Around the World – Patrick Hemminger 

Mean Reversion Strategies – The Trend Isn’t Always Your Friend

Finding the Follow-Up Trade to a Catalyst Event PHASE III. IMPLEMENTATION

Diversification Isn’t Enough – Spotting the Paradigm Shift – Bob Savage

Trading the Economic Calendar: A Qualitative and Quantitative Approach – Jessica Hoversen Chapter 18. How to Quantify and Visualize Market Positioning

Emotions Are Our Greatest Ally, Not Our Biggest Enemy

The MPACT! of Automation 

Risk Budgets – The X Factor in Investing

Paying for Returns in Context: Manager Compensation Based on Return per Unit-of-Risk

Where Do We Go From Here?