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About markets & macro data

The Markets & Macro page brings together global equity indices, commodities, and US macro indicators from FRED, alongside drawdown analysis and an economic-surprise index that flags data releases running well above or below their trailing averages.

Which markets and indicators are covered?
Coverage includes major equity indices (FTSE 100, S&P 500, MSCI World), commodities (gold, silver, crude oil, copper, natural gas, platinum), and macro series from FRED such as policy rates, CPI, PMI, unemployment, and the yield curve.
What is the economic-surprise index?
It compares each macro release to its own trailing average and expresses the gap as a z-score. Large positive values mean data is coming in well above recent trend; large negative values mean well below — a proxy for whether the economy is beating or missing expectations.
What does the drawdown analysis show?
Drawdown measures the peak-to-trough decline of an asset. The catalogue lists every drawdown greater than 5%, its depth, duration, and how long recovery took — useful for gauging downside risk.
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