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 liquidity, but it is no longer uniformly supportive because policy rates remain restrictive while the balance-sheet impulse is fading. Capital is rotating toward duration-sensitive and defensive assets on any growth scare, while the primary trade is to stay selective rather than chase broad beta.
Macro conditions are mixed: inflation has cooled enough to keep rate-cut expectations alive, but growth is still decelerating and labor data are softening from a resilient level. Risk assets face a push-pull between easing policy hopes and tighter real financial conditions.
MARKET SNAPSHOT
SPX
7,592
-0.58%
H:7,799 L:6,344
NDX
29,104
-1.08%
H:30,661 L:22,953
RTY
2,891
-1.04%
H:3,068 L:2,305
DJI
52,064
-0.60%
H:54,349 L:45,167
VIX
17.05
-4.43%
H:31.05 L:13.47
DXY
99.16
+0.07%
H:101.61 L:96.22
GOLD
4,372
+0.16%
H:5,318 L:3,637
WTI
99.36
-3.04%
H:112.95 L:55.27
BTC
76,995
+0.56%
H:124,753 L:58,559
MACRO REGIME TIMELINE — HISTORIAL DE SNAPSHOTS
MACRO PULSE — INDICADORES CLAVE
RISK HEAT MAP — DRUCKENMILLER FRAMEWORK
HIGH
Geopolitical
Geopolitical tensions remain a headline risk, keeping energy and defense premiums elevated.
ELEVATED
Inflation Stickiness
Disinflation has slowed in core services and shelter, leaving policy restrictive.
MODERATE
Labor Deterioration
Job growth remains positive, but claims and openings have softened from peak strength.
ELEVATED
Fiscal / Deficit
Large Treasury issuance continues to pressure the long end and term premium.
MODERATE
Credit Stress
Spreads are contained but not tight enough to signal all-clear for cyclical risk.
MODERATE
Financial Conditions
Equities are supported, but real yields and funding conditions remain restrictive.
LOW
Systemic Risk
No acute systemic event is visible in the current macro data.
MODERATE
Growth Momentum
Growth is slowing, but not collapsing, with services still offsetting manufacturing weakness.
SPREADS CLAVE
Cambio vs mes anterior · valores en puntos base (bps)
FRED · último dato disponible: 2026-09-09
MARKET BREADTH — % ACCIONES S&P 500 SOBRE SMA200
UPCOMING EVENTS
2026-07-30
FOMC Decision
Hold at 4.25-4.50%
2026-07-15
CPI Release
Core inflation near 2.8%-3.0% y/y
2026-08-07
Nonfarm Payrolls
Cooling but still positive job growth
2026-07-30
GDP Advance Q2
Growth to remain positive but slower than late-2025 pace