Monetary mechanics
Explanations of central banking, interest rates, liquidity, and bond markets build the foundations of a macro framework.
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Perimeter Reading / Investing
The Macro Compass
Alfonso Peccatiello
Alfonso Peccatiello explains monetary mechanics, macroeconomic cycles, and portfolio decisions through a free newsletter alongside paid research, investment strategy, and educational products.
Subscriptions are managed by the publisher. Saving to your Desk keeps this profile in your research library.
The publication
What to expect.
The Macro Compass connects lessons about money, central banks, and the economic cycle with practical questions about portfolio positioning. Its public Substack contains explanatory essays and selected analysis, while the separate subscription platform provides more frequent research and investment strategy. Current product descriptions include a weekly core report, tactical market reports, and shorter market observations. Readers should choose the free newsletter or the broader paid service according to how much detail, portfolio discussion, and market monitoring they need.
Who it’s for
Investors who want to understand monetary mechanics and translate macroeconomic scenarios into portfolio questions, with optional access to more frequent professional research.
Inside the reading
Its areas of focus.
Economic scenarios
Growth, inflation, and policy developments are connected to possible changes in the investment environment across asset classes.
Portfolio decisions
Research considers asset allocation, trade sizing, and risk management, with additional tactical material available through paid products.
The Desk’s reading note
Make the read useful.
Use the free archive to learn the framework before deciding whether the separate paid research fits your process.
Keep a question, an idea to investigate, or a source to return to in your saved notes.
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