VanEck

Visibility Should Mean "Risk On"

• Macro investing success requires analyzing the interplay between government fiscal spending and monetary policy, specifically regarding its impact on inflation and interest rates.
• Investment strategies should account for the fact that macroeconomic shifts can occur with rapid and dramatic speed, necessitating preparation for a broad range of potential outcomes.
• High-conviction investment opportunities are best identified by focusing on long-term, multi-decade extremes rather than short-term market fluctuations.