Introduction

The Federal Reserve hikes interest rates, consumer confidence falls, war breaks out in the Balkans, drought shrinks the coffee crop in Brazil, oil prices spike sharply in Rotterdam, Congress passes new Medicare legislation imposing price controls on prescription drugs, and the U.S. trade deficit reaches a new record high. Each of these macroeconomic waves—some of them thousands of miles away—will move the U.S. stock market in very different but nonetheless systematic and predictable ways. If you come to fully understand these macrowaves, you will become a better investor or trader—no matter what your style of investing or trading is. That’s the power of macrowave investing, and that’s what this book is about. Let me show you what ...

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