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Foundations8 chapters · ~20 min readFree account
Macro 101What Drives the Market & Economy
The handful of forces that move the economy and the stock market — rates, inflation, jobs, earnings and money flows — explained without jargon.
Every day the market reacts to headlines about the Fed, inflation, jobs and earnings. This course gives you the mental model underneath those headlines so you know why prices move, not just that they moved. It is the on-ramp to our advanced Macro & Market Structure course.
This course is free — create a FinBro account to read every chapter and track your progress.
Course contents
- 01The Economy in One PictureWhat the economy actually is, and the one equation that explains most of it
- 02The Fed and Interest RatesWhy one meeting eight times a year moves every asset on the planet
- 03InflationWhy rising prices force the Fed's hand — and what that does to your portfolio
- 04Jobs and the ConsumerThe engine of the economy: paychecks, spending and confidence
- 05The Business CycleExpansion, peak, contraction, trough — and which assets tend to lead in each
- 06Earnings: What Stocks Actually PriceWhy profits are the gravity under every stock price
- 07How Money Moves Between AssetsStocks, bonds, the dollar and commodities — and how they talk to each other
- 08Using Macro in PracticeA simple weekly routine — without becoming an economist
- GLGlossary26 key terms from this course
- →What's NextWhere to go after this course