macro

“While those folks concentrated in the assets are feeling a lot of pain, the macro implications look pretty minimal,” said Bob Elliott, chief executive of Unlimited Funds.

Overall: Aligned with a positive macro regime with selective, income-seeking markets thanks to low volatility and improving technicals—but fundamental cleanup remains the gating factor for sustained rerating.

While not immune to the macro challenges, wealthier households have had more leeway to spend.

Until more information flows through the market, it will be difficult to fully answer macro questions—even though the market has exhibited robustness in recent sessions.

While not immune to the macro challenges, wealthier households have had more leeway to spend.