Alex Barrow's Contributions

Fund Managers Are Bearish – Time to Be a Contrarian?

Sep 25, 2024 – FS Insider speaks with Alex Barrow, Founder of Macro Ops, a former intelligence professional and sniper for the marines. Alex explains why he thinks it's time to be bullish on the US stock market and risk assets even though...

Alex Barrow on Bond Yield Surge, Israel-Hamas War, and New Era of Fiscal Dominance

Oct 25, 2023 – Today, we discuss some of the most important developments happening in the market right now when it comes to the large amount of debt being issued by the Treasury, surging bond yields, and some of the ripple effects...

Alex Barrow on the Reflexive Nature of Markets

Feb 7, 2023 – Today we pick up one of the most-influential philosophical concepts in the field of heterodox economics—reflexivity—popularized by the widely successful hedge fund manager and trader, George Soros. We look at what it is...

We've Entered a New Investment Regime, Says Alex Barrow; Gold Looking Attractive Again

Jun 30 – Today, on FS Insider, our guest, Alex Barrow at Macro Ops, says they have been sitting in a large cash position since late last year when the market peaked and still think the market has more downside to go. Alex also provides a high conviction call on...

Corporate Buyback Boom, SPACs, and Reflexive Feedback Loops

Mar 9 – Alex Barrow at Macro Ops joins FS Insider to give an update on the role corporate buybacks will likely play in the first half of this year on market performance, how SPACs (Special Purpose Acquisition Companies) may begin to offset...

Emerging Markets Still Have More Pain Ahead, Says Alex Barrow

Jan 8 – 2018 was a painful year for many emerging markets. With better valuations, many investors and strategists are beginning to invest back into the emerging market space. Alex Barrow at Macro Ops explains the “big picture” on why this...

Gerschenkron Growth Model, MMT, and Bruce Lee

Oct 4 – Alex Barrow, Co-founder of Macro Ops and former US marine scout sniper and intelligence professional, joins FS Insider today to discuss the Gerschenkron growth model and why it spells trouble for China. Barrow also argues that Modern...

Supply-Demand Imbalance Driving Stocks Into Final Melt-Up Phase, Says Macro Ops’ Alex Barrow

Jun 14 – FS Insider interviews Alex Barrow, co-founder of Macro Ops, to discuss his latest macro intelligence report, A Persistent Bid, on the mathematically backed-in reason for the stock market to trend higher over the long-term and what factors...

Using Gold to See Where the Dollar Will Move Next

By Alex Barrow – I’ve written a lot about how the US dollar is the fulcrum of the global financial system. Commodities are priced in dollars. Global trade is done in dollars. And the majority of international funding is in USD. The dollar is...

A Bullish Big Picture With Growing Near-Term Headwinds

By Alex Barrow – There are some growing signs of weakness in this market. Breadth is slipping, credit doesn’t look too great, there are more new lows versus new highs being made… that kind of stuff. I’m still not getting any major...

The Bitcoin Bubble: A $6,000 Pokémon Card

By Alex Barrow – A single bitcoin today is now worth over $6,000. Those 10,000 bitcoins that amounted to only $25 in 2010 are now worth over $60M. So in hindsight, it was an expensive pizza. Bitcoin has had an annualized...

The Global Macro Renaissance

By Alex Barrow – John Curran was the former head of commodities at Caxton Associates — the hedge fund founded by market wizard Bruce Kovner. He wrote a great article in Barron’s titled The Coming Renaissance of Macro Investing.

Preparing for the Macro Regime Shift to the “Overheat Phase”

By Alex Barrow – The importance of understanding general conditions is why we always start from a top-down perspective. We know the majority of our market returns will be driven by macro factors. And more importantly, we need to be...

Archimedes' Dollar Smile

By Alex Barrow – Archimedes, the Greek tinkerer, knew of the US dollar’s importance to global macro well over 2200 years ago, decades before Fed Chair Yellen was born. A man ahead of his time. If you’re one of the very few...

Are Commodities Getting Ready for a Big Move?

Sep 15 – A wide range of data point towards a maturing business cycle from recovery into the overheating phase, which is when commodities typically outperform stocks and bonds. Today, on FS Insider, Alex Barrow, co-founder...

The Investment Clock

By Alex Barrow – Markets move in cycles of varying types and time scales. Low volatility regimes lead to excessive risk taking and crowded positioning which leads to instability and high volatility regimes and on and on.

Where Oil Prices Are Headed

By Alex Barrow – Oil has been in my “too hard” bucket the last six months. I couldn’t identify any catalyst that could drive it out of its trading range. I mostly expected it to chop around which has turned out to be the case.

Europe's Big Test

A large impetus to the next thrust higher in European equities will be the final round of French elections this Sunday. We’ve covered the rise of populism and how it affects markets for some time now… If Macron should win Sunday...

Hasta La Vista... Traders? (The Future of Artificial Intelligence in the Financial Industry)

One of our favorite movies at Macro Ops is Terminator 2: Judgement Day. The early 90’s classic had Arnold at his best and changed the sci-fi action genre forever. People have always had a particular fear of technology and machines...

Trading a Le Pen Win in the French Elections

Success in the markets requires thinking in possibilities. A great trader understands the permanent information deficit he’s faced with and why it makes market prediction impossible. All he can do is plan for a range of reasonable outcomes...

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