Price at highs, the crowd afraid — what the cycle says
Edition #1 · the weekly four-layer read of the market cycle.
Price near all-time highs, and the crowd afraid. The model places it in a compressed spring: the cycle holds, sentiment sits near its lows, the Fed is withdrawing relief, and our leading indicator turns up.
This is how we read the cycle every week: four layers, made clear. Get it free in your inbox.
Only macro: no tips, no price targets. A reading of the cycle to decide better — for your portfolio or your business.
The four layers: — Cycle: out of alert. — Sentiment: fear. — Liquidity: the Fed stays tighter. — Proprietary macro: the leading indicator turns up.
We don't predict — we classify the regime, and flag the day it changes. Comprehension of the regime, before the consensus.
Editorial content, not investment advice. No targets, no buy/sell calls.
Reading this from an investment committee?
FGA Research distributes its institutional Macro & Markets report on demand and subject to prior qualification: the same four-layer process, with the full proprietary series and watchlist. If you allocate capital, manage risk or set strategy for a committee, write to us stating your role and mandate. We confirm eligibility and send the full report within 24h.
Information, not advice. Independence. Capital. Conviction.
Not subscribed to FGA Macro yet? The weekly cycle read, in your inbox. Free.
The proof is open (working paper · DOI · forward test): Evidence — the proof is open
Follow Francisco on LinkedIn: linkedin.com/in/francisco-salvador
📄 The full weekly report — page by page
