Steering clear of the freight train


Without strong consensus, many macro players lie low
By Carolyn Sargent

If you're wondering what bets global macro managers are making these days, your best guess is probably right. If anything, they're long equities - and more cautious on most everything else.

"There is a divergence of views in terms of volatility, and whether it will spike or stay at very low levels," says one macro investor. "As a result, I'm not sure that many people are keen to get in front of that freight train right now."

Everything hinges on the rate of global economic growth.