See the macro regime changing before consensus catches up.
Independent macro intelligence for global risk takers.
Vanda Macro Intelligence combines thematic macro research, structural flow analysis and proprietary data to help institutional investors understand what is changing across global markets, why it matters and where risk and opportunity may be emerging. Led by Jens Nordvig and the former Exante Data team, it translates complex economic, policy and capital-flow signals into clear market implications and discretionary strategy.
What regime are we in - and where is it changing?
Macro research is most useful when it helps investors distinguish a durable shift from market noise. Vanda Macro Intelligence focuses on the themes, flows and policy changes with the potential to reprice markets, rather than maintaining coverage for its own sake.
Regime
Identify the macro conditions shaping markets and where the evidence is beginning to change.
Flows
Track structural and cross-border capital movements that can reinforce or challenge the prevailing narrative.
Transmission
Understand how a macro development may move through currencies, rates, commodities and other macro assets.
Strategy
Translate the evidence into clear market implications, discretionary views and defined risk markers.
From market question to investment implication.
- 01
Question
Each piece of work begins with a defined market question: a theme, policy shift or flow pattern with the potential to reprice markets, rather than coverage for its own sake.
- 02
Data
The question is tested against VandaMacro datasets, research and data monitors, and structural flow analysis. The view then rests on observable evidence rather than narrative alone.
- 03
Transmission
The team maps the channels through which the theme could reach currencies, rates, commodities and other macro assets, and where the effect could be most pronounced.
- 04
Strategy
The evidence is translated into discretionary market implications and, where the setup warrants it, concrete ideas for active risk takers.
- 05
Risk markers
Every view is paired with the data, policy or flow signals that would challenge it, so clients know in advance what would change the call.
Coverage focused on what moves global macro markets.
Asset class
- Cross-Asset Positioning
- US Equities Positioning
- Global Equities Positioning
- Equities
- Fixed Income
- Currencies
- Commodities
- Single Stock
Theme
- Tactical Macro
- Global Macro
- Positioning & Flow
- Retail Investors
- Central Banks
- Global Trade
- Geopolitical
Region
- North America
- Europe
- Asia Pacific
- Emerging Markets
19 tags across asset class, theme and region.
Intelligence for active risk takers.
Thematic research
Deeper analysis of macro themes with the potential to drive regime change, market repricing or shifts in capital allocation.
Research & data monitors
Concise, repeatable views of market-relevant data across activity, inflation, policy, intervention and other evolving themes.
Strategy views
Discretionary market implications and concrete ideas designed to make the research usable for active risk takers.
Vanda Analytics
Access the research alongside the underlying evidence and wider Vanda intelligence relevant to your process.
Powered by VandaMacro. Interpreted through Vanda Macro Intelligence.
VandaMacro is Vanda’s macro data library: the underlying collection of datasets, time series and analytical building blocks used to examine global macro conditions, capital flows and market structure. Vanda Macro Intelligence sits above that data layer, connecting the evidence with market context and converting it into a view on what is changing and what it may mean for investors.
Independent judgment, led by experienced macro practitioners.
Jens Nordvig
President & Head of Macro Research
Alex Etra
Senior Macro Strategist & Head of Flow of Funds
Wouter Jongbloed
Head of Political Risk Analysis
Chris Marsh
Chief Economist
Shekhar Hari Kumar
Senior Vice President, Research
Ruta Prieskienyte
Vice President, Research
Need to interrogate the view in real time?
Vanda Macro Intelligence IB sits within Vanda Advisory and gives clients direct access to the strategists behind the research through Bloomberg chat and email. Use it to discuss market-moving events, test interpretations, challenge assumptions and apply the research to live decisions.