Macro Intelligence
Druckenmiller Macro Terminal
Indicadores macro clave desde la óptica de Stan Druckenmiller. Datos históricos vía FRED · Análisis e inteligencia vía IA.
FRED / BLS / BEA / TREASURY · YAHOO FINANCE · CFTC COT · AI-POWERED ANALYSIS
DRUCKENMILLER READ
The dominant force is still restrictive but slowly easing policy rates combined with shrinking global central bank balance sheets, so capital continues to favor quality growth, large-cap tech and hard assets over long-duration bonds. Primary trade is selective risk-on in equities and credit, hedged against rates re-steepening and event risk.
Macro data show cooling but still positive U.S. growth with disinflation inching forward, while Europe and China remain softer. Risk assets are near highs but trading nervously around policy, earnings and geopolitics, keeping the regime balanced between carry/chase and defensiveness.
MARKET SNAPSHOT
SPX
7,396
+1.77%
H:7,610 L:5,968
NDX
29,446
+3.29%
H:30,661 L:21,626
RTY
2,920
+2.97%
H:2,937 L:2,101
DJI
50,872
+1.91%
H:51,562 L:42,172
VIX
19.61
-11.75%
H:31.05 L:13.47
DXY
99.65
-0.30%
H:100.51 L:96.22
GOLD
4,231
+2.99%
H:5,318 L:3,274
WTI
86.23
-4.22%
H:112.95 L:55.27
BTC
63,624
+3.54%
H:124,753 L:60,867
MACRO REGIME TIMELINE — HISTORIAL DE SNAPSHOTS
MACRO PULSE — INDICADORES CLAVE
RISK HEAT MAP — DRUCKENMILLER FRAMEWORK
HIGH
Geopolitical
Ongoing conflicts and U.S.–China tensions keep headline and supply-chain risk elevated.
ELEVATED
Inflation Stickiness
Core services and shelter remain firm even as headline inflation drifts toward target.
MODERATE
Labor Deterioration
Claims and unemployment are drifting up from lows but remain far from recessionary levels.
ELEVATED
Fiscal / Deficit
High U.S. deficits and heavy Treasury issuance keep term premia and long-end yields under pressure.
MODERATE
Credit Stress
Spreads are wider than cycle tights but well below stress levels; HY issuance remains open.
MODERATE
Financial Conditions
Higher real yields offset by strong equity markets and tight credit spreads overall.
LOW
Systemic Risk
No major funding or banking stress; dollar funding markets functioning normally.
MODERATE
Growth Momentum
U.S. growth is slowing from above-trend but still positive; Europe and China remain subdued.
SPREADS CLAVE
Cambio vs mes anterior · valores en puntos base (bps)
FRED · último dato disponible: 2026-06-10
MARKET BREADTH — % ACCIONES S&P 500 SOBRE SMA200
UPCOMING EVENTS
2026-06-07
US Employment Situation (Nonfarm Payrolls, Unemployment Rate)
Payrolls ~175k, unemployment rate 4.0–4.1%, wages gradually cooling
2026-06-11
US CPI Release (May 2026)
Headline CPI ~2.6% YoY, core CPI ~3.0% YoY with sticky services
2026-06-17
FOMC Decision and SEP
Hold at 5.00–5.25%, modest downward shift in 2026–27 rate path if disinflation holds
2026-07-29
US Q2 2026 GDP Advance
Real GDP growth running modestly above 1% annualized, slower than 2025 pace