MacroMavens has been delivering prescient insights on emerging macroeconomic trends and their implications for global financial markets for nearly 20 years. The firm was founded in 2002 by Stephanie Pomboy, who spent the prior decade working with Ed Hyman at CJ Lawrence and ISI Group. Recognizing that the greatest investment opportunities lie where market perception has strayed from economic reality, MacroMavens scrupulously analyzes the data, delving beneath the surface, to find hints of shifting trends. Our rigorous analytic approach and willingness to take on the conventional wisdom have consistently enabled us to identify major macroeconomic events – and steer our clients around them — well ahead of the curve. We see the trends that noise-obsessed, consensus thinkers on Wall Street miss.
MacroMavens identified the impending inflation of the housing bubble in 2002—before it was even the subject of debate.
Incessant hand-wringing over the ‘government bond bubble’ misses the point. Global central banks will continue to monetize government debt. Corporate credits are the danger area.
The role that buybacks have played in boosting profits and stock prices will be revealed in its absence.
Expectations for 1-2 more rate cuts woefully underestimate the amount of stimulus to come. The corporate credit bust and pension crisis to follow will make QE1, 2 and 3 look like a warm-up.
May 3, 2017
Stephanie Pomboy, whose scintillating and informative MacroMavens is on our short list of must weekly reads just put out one of her periodic issues devoted to trading tips. …she points out, $1 trillion in adjustable-rate mortgages are slated to reset in the next 18 months and no less than half of these will hit subprime borrowers. So she recommends shorting subprime lenders …go long 10-year Treasuries, while shorting junk.
Oct 31 2005
Alan Abelson, Barron’s
The chart that accompanies these scribblings is the handiwork of Stephanie Pomboy, who puts out a new, smart, informative and quite lively economic commentary called MacroMavens which, as its name implies, focuses on the big picture (… what economists did before they became minutiae addicts)
May 27, 2002
There may be nobody smarter about the economy and markets than Stephanie Pomboy, founder of economic research firm MacroMavens (www.macromavens.com). I always learn something when I read or speak to Stephanie, which is about the highest compliment I can pay anybody. She is in a class by herself when it comes to looking at economic data with an objective eye and connecting the dots without paying heed to the maddening crowd.
Apr 1, 2018
Michael Lewitt, The Credit Strategist
Stephanie Pomboy of the boutique research firm MacroMavens provides insightful counterpoint… ‘the decline in the money multiplier is not the cause for…but the consequence of liquidity chasing financial assets… Before you know it (the Fed) will have disintermediated themselves right out of the picture. This is novel thinking.
May 27, 2002
Caldwell & Orkin Monthly Update
We hope this statistic is wrong, but knowing the source we suspect that it is indeed the truth and therefore rather frightening: consumer credit has risen $2.3 trillion here in the US over the course of the past three years and a whopping 44% of that is tied directly to short term interest rates. This is according to Stephanie Pomboy, who has proven to be incredibly prescient and incredibly insightful when it comes to this sort of concern and this sort of data mining in the realm of consumer credit
May 11, 2004
The Gartman Letter
We’d like to credit Stephanie Pomboy, the iconoclastic author of the weekly MacroMavens. We’ve made appreciative mention of Stephanie’s stuff on more than one occasion. But what prompts this kudo is a negative call she made on crude oil May 21, just before it peaked..
May 31, 2004