Macro & Flows by Orestes Capital

In this episode of Macro & Flows by Orestes Capital, we examine why global markets appear to be entering a phase of peak growth euphoria — a powerful risk-on environment shaped by resilient economic data, AI-led investment enthusiasm, supportive liquidity, and strong cross-asset momentum.

The discussion breaks down the message from equities, rates, credit, commodities, currencies, and investor flows, with a focus on whether recent market strength reflects a durable growth upswing or a crowded late-cycle positioning impulse.

We also highlight the key risks investors should watch, including rate volatility, inflation surprises, stretched sentiment, narrow leadership, and signs of a two-speed economy beneath the surface.

Topics covered include global growth momentum, equity market leadership, Fed expectations, cross-asset positioning, investor flows, liquidity conditions, and the macro regime signals shaping portfolio strategy.

For informational purposes only. Not investment advice.