Michael Ball, CFA, FRM 

My name is Michael Ball and I’m a macro analyst/consultant focused on markets, policy, and geopolitics. Previously a macro analyst for a boutique research shop, asset allocator, and member of the Markets Group at the NY Fed during the GFC.
2025 Costanza Trades – LAST MIDDAY MACRO
The Trump Trade Resumes as Markets Navigate Increased Headline Volatility
You Reap What You Sow: Is Trump 2.0 Stagflationary?
The Unlikely Resilience of Risk Appetite
Election vs. Earnings: Market’s Coming Dilemma
Labor Market Sentiment Is Too Negative Given Where Growth Is
Beijing Goes Big, But Is It Enough?
Policy Error No More? Powell Gets His Way and Potentially Saves the Day
Sequential 25bps Cuts Still Modal Outcome Until Q2 2025, but Deteriorating Labor Markets Will Keep Fed Officials “Open Minded”
Historical Equity Rally Pauses as Markets Weigh a Mixed Macro Backdrop
Calmer Markets in “Wait and See” Mode Ahead of Next Week’s Heavy Data Deluge
Growth Scare Sell-Off Seems Overdone with Consumer Spending Momentum Still Solid, Buy This Dip in Equities