[FREE] Educational Primers On Every Aspect Of Macro & Markets

A summary of all educational articles, models, and book recommendations

Welcome to Capital Flows.

My entire goal in markets and on this Substack is very simple: map the macro regime so that I’m on the right side of it, and find the few large, asymmetric bets that become home run trades.

This article is the hub for everything educational on Capital Flows: I’ve aggregated the core articles, models, and book recommendations into one place so you can build the same framework I use every day.

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Educational Articles I Have Written:

If you read through these in order, they will begin to set the foundation for HOW to think about markets and WHY macro is important:

Big Picture Education On Markets:

• How To Think About Markets, Trading, and Wealth Management

• Information Age, Thinking Preemptively and Market Update

• Information Broker/Alpha Generation

• Macro Podcast: How to generate exceptional returns

• Reading, Research and Being Exceptional

• Brainstorms: The silent professional

• Brainstorms: What is unseen

• Brainstorms: Genius

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All Of The Things You Need To Know For Macro:

• Research Drop + Framework

• Country Analysis

• Economic Data

• Model for Markets

• Positioning and Microstructure

• Strategy Development and Risk Management (Guest Writer!)

• Risk Management Primer (Guest Writer)

• The Research HUB: How does economic data get priced into the market?

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Asset Class Primers And Regime Primers:

• Bond Market Primer

• Interest Rates Primer

• S&P500/Stocks Primer

• Intraday Trading Primer

• The Research Hub: Intraday Liquidity Provision

• Risk On/Risk Off Regime Primer

• Bitcoin Strategy: The Macro Liquidity Release Valve

• Macro Alpha Webinar With Prometheus Research

• FX Primers

  • Part 1

  • Part 2

  • Part 3

  • Part 4

  • Part 5

How To Connect The Ideas To Generating Alpha:

• Macro Alpha Primer: Credit Risk and Duration Risk and Macro Podcast: Macro Alpha Primer

• Macro Alpha Primer: Correlations and Macro Podcast: Macro Alpha Primer

• Macro Alpha Primer: Macro Catalysts, Hedging Pressure, and Positioning and Macro Podcast: Macro Alpha Primer

• Macro Alpha Primer: Positioning Premiums and Macro Podcast: Macro Alpha Primer

• Macro Alpha Primer: Stacking Edges To Identify a Sucker

Country Primers Examples

• Japan

• Mexico

• Brazil

• Argentina

• India

Models: (These TradingView models are the ones that I use every day. If you are trying to understand how to use them, just plug them into AI and ask for an explaination)

• https://www.tradingview.com/chart/2f5nDvsW/

• https://www.tradingview.com/chart/HbKBeNCc/

• https://www.tradingview.com/chart/aJ6Sy5b8/

• https://www.tradingview.com/chart/pa0No7P2/

• If you don’t have a Bloomberg, the CME Tools are your best friend:

  • CVOL CME Tool: LINK

  • QuickStrike: LINK

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PDF Playbooks and Educational Primers:

Credit Cycle Playbook:

The Macroeconomic Framework Of Capital Flows A Comprehensive Playbook (2) (5)

633KB ∙ PDF file

Download

Download

Path Dependent Framework For Capital Flows:

Beyond The Credit Cycle A Path Dependent Asset Liability Macro Primer (1) (5)

240KB ∙ PDF file

Download

Download

The S&P 500 Macro Regime Playbook:

The S&p 500 Macro Regime Playbook By Capital Flows (4) (2)

660KB ∙ PDF file

Download

Download

The Bitcoin Macro Regime Playbook:

Bitcoin As A Macro Liquidity Release Valve (8) (1)

420KB ∙ PDF file

Download

Download

• Bitcoin Indicator From Tradingview: LINK

Interest Rate Trading Playbook:

Us Interest Rates Trading Tactical Playbook (5)

788KB ∙ PDF file

Download

Download

• Yield Curve Model From Tradingview: LINK

Macro Thesis Development Playbook:

Building A Falsifiable Investment Thesis A First Principles Guide By Capital Flows (5) (2)

404KB ∙ PDF file

Download

Download

Consumer Macroeconomic Playbook:

Consumer Macroeconomic Playbook (1) (1)

488KB ∙ PDF file

Download

Download

Inflation Cycle Playbook:

Inflationary Cycle Playbook For Macro Traders (3)

696KB ∙ PDF file

Download

Download

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YouTube Channel:

You can find all of the videos I publish in the respective reports on the Substack or on the YouTube Channel: https://www.youtube.com/@CapitalFlowsResearch

If you are trying to work on mental clarity in your trading journey, you should follow my friend Jaymes: https://www.youtube.com/@JaymesRosenthal

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Book Recommendations:

Intro books to macro as they relate to rates:

• Global Macro Trading: Profiting in a New World Economy (Bloomberg Financial)

• The Long Good Buy: Analysing Cycles in Markets

• A History of Interest Rates, Fourth Edition (Wiley Finance)

• The Price of Time: The Real Story of Interest

Fixed Income Focused Books:

• The Handbook of Fixed Income Securities, Ninth Edition

• Fixed Income Strategy: A Practitioner's Guide to Riding the Curve

• Trading the Fixed Income, Inflation and Credit Markets: A Relative Value Guide

• Fixed Income Trading and Risk Management: The Complete Guide (Wiley Finance)

• Fixed Income Markets and Their Derivatives (Academic Press Advanced Finance)

• Trading Fixed Income and FX in Emerging Markets: A Practitioner's Guide (Wiley Finance)

• The Advanced Fixed Income and Derivatives Management Guide (The Wiley Finance Series)

• SOFR Futures and Options (Wiley Finance)

• Systematic Fixed Income: An Investor's Guide (Wiley Finance)

• Fixed Income Securities: Tools for Today's Markets (Wiley Finance)

• The Bond Book, Third Edition: Everything Investors Need to Know About Treasuries, Municipals, GNMAs, Corporates, Zeros, Bond Funds, Money Market Funds, and More

• Investing in Fixed Income Securities: Understanding the Bond Market

• Bond Markets, Analysis, and Strategies, tenth edition

• Advanced Bond Portfolio Management

• Interest Rate Markets: A Practical Approach to Fixed Income

• Fixed Income Relative Value Analysis + Website: A Practitioner's Guide to the Theory, Tools, and Trades (The Wiley Finance Series)

• Trading with Intermarket Analysis: A Visual Approach to Beating the Financial Markets Using Exchange-Traded Funds (Wiley Trading)

FX and Banking Focus:

• Foreign Exchange: Practical Asset Pricing and Macroeconomic Theory

• Inside the Currency Market: Mechanics, Valuation and Strategies

• Currency Strategy: The Practitioner's Guide to Currency Investing, Hedging and Forecasting

• The Principles of Banking (Wiley Finance)

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This is how you need to pull everything together:

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Conclusion:

I hope you find all the educational resources helpful

Thanks for being part of the Capital Flows Community

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