what is top down investing 
top down investing is an investment analysis approach that focuses on the macro factors of the economy such as gdp employment taxation interest rates etc before examining micro factors such as specific sectors or companies understanding top down investingtop down investing prioritizes macroeconomic national or market level factors it can be contrasted with the bottom up approach which starts first with a company s fundamentals where most of the emphasis is put and then works its way up through the structural hierarchy looking at macro global economic factors last if at all 