When it comes to Macro vs. Technical, I've learned that a Macro theme keeps me in trades, while technicals are what get me into them.

The biggest moves occur when both align.

When they contradict each other, the market gets choppy.

In my experience, neither is superior; divergence often leads to confusion, with both sides likely being wrong and struggling with their positions.

If someone is technical and says the macro is right but the technicals don't agree yet, then they are searching for reasons to be right. I know because I've been there before, trying to be right instead of accepting what's happening.

The same goes for Macro traders saying technicals are wrong.

In the end, when trades are working, they don't need a story from someone to convince you why they aren't.

To my equity index trader friends right now: Keep it simple. Good news for markets has turned into bad news. I warned about this as a possible issue in a spaces with @chigrl and @SantiagoAuFund 

We have macro crosswinds, rates sitting at highs, gold rallying, oil rallying, dollar rallying and uncertainty with the new administration coming in, so if technicals aren't lining up with your macro theme or vice versa, be small. Be nimble. 

Allow time to be your ally, not your enemy. 

I'm hyper-focused on technicals for now and that keeps me bearish S&P in the short term. , 

When a clearer macro theme arises, when the technicals align with your macro theme, be ready and in the meantime don’t be stubborn.