Applied Financial Macroeconomics and Investment Strategy: A Practitioner’s Guide to Tactical Asset Allocation (Global Financial Markets) Paperback – May 26, 2015

I think this is a great book for market practitioners. If you are looking for rigorous economics analyses, this is defo not the good choice. However, if you are, say, an LS equity or fixed income investment analyst, this is a good book to help you obtain a good sense of the macro economy. But be cautious that towards the end of the book, the author put forward many of his own opinions. Ofc, be sure to tailor these opinions towards your own understanding of the market and never take them for granted.

If you want to do rotation based on economic cycles, this is the book that you must read. It is written in a very accessible style, but the conclusion is convincing -- some are intuitive while others are unconventionally insightful.A great help as the global economy evolves in the post-COVID world!

This great book was passed around here at MarketCycle. It was written by someone that clearly knows their way around financial markets and market cycles in particular. It is mainly geared toward professional investors and money managers that already have some experience. I do not know the author (Robert McGee). If you manage money professionally, my advice is to buy the book and then read it twice.

If you are considering purchasing this book then I assume you know that successful investing requires a knowledge of how the economy works, since the markets are just a reflection of the real economy. Due to this I'd rate this book as a "must read". This book does a good job at giving the economic background for the business cycle and how it is directly related to the stock, bond and commodity markets. If you have any hope of forecasting and determining where the markets are going for asset allocation purposes, then this knowledge is necessary. Even someone with an already solid base of this topic will likely pick up a few new things from this book. For further reading on this topic, specifically for information on precise timing using these macroeconomic fundamentals, look to authors George Dagnino and Martin Pring. Also, John Murphy for intermarket relationships which occur due to changes in the macroeconomic environment/business cycle. For further background on the fundamentals and how they relate to market cycles look to Ed Easterling.The only thing that I did not care for in this book is that the author feels the need to throw in a lot of personal opinion regarding how the economy and financial system should be influenced by the Federal Reserve and government. This was unnecessary and only detracted from the otherwise excellent book. The first part of this book is packed with well presented information but the author slowly starts to pepper in comments more and more frequently until the last part of the book is no longer concrete information but is an opinion piece about "lessons learned" from how crises were handled. The author is a dyed in the wool Keynesian and he talks as if he likely has a statue of Keynes in his office. Instead of sticking to the facts about how the markets react to inflation he goes on and on about the wonders of inflation and how central banks in other countries are not as smart as him or his friends. This is obviously debatable. He clearly has friends in the Federal Reserve and/or advises them. The constant shots at other countries gets old very quickly. If you can get past this stuff then the book is top notch. If it wasn't for this then the book would get 5 stars.

As a layman, I found this to be an excellent read and basis to avoid the simple "buy and hold". It would have been nice to have had a more"balanced" portfolio in my youth during 2000-2001 and 2008. Ignorance was not bliss at that time ;-)Having no formal education in economics (though some grad level stat classes), I was able to still glean significant and relevant information.

As others have said, this is perhaps the best investing book I have ever read. Everything before this seems trivial and like noise. The author provides simple but seemingly accurate (backed by historical correlations and research) explanations for what happens, why, and what one can anticipate in this conditions. This is a no-kidding ‘how-to’ macro invest book.

This is simply the best book I have found when it comes to connecting the macroeconomic cycle with investing. Will be too advanced for novice investors, but if you manage money then you need this book on your shelf. Simply awesome.