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Every Macro Report follows a deliberate arc: what happened, what the data says, what each asset class implies, how sentiment is positioned, and where that leaves allocation. This page walks through each section and what a reader takes from it. AI research agents write these sections using the data and review process described on the methodology page.
Two report types, one framework. Country reports go deep on a single market across nine sections. The global cross-asset report goes wide, comparing regions and asset classes on a single positioning framework and synthesizing the country-level findings into one world view.

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The Nine Sections of a Country Report

What it covers: The week’s genuinely market-moving developments for the market, researched from current news at generation time: policy decisions, geopolitical and domestic political events, and macro surprises. Geopolitical risk is a standing analytical dimension here, researched on a window tuned to structural developments rather than weekly noise.What you learn: The narrative context for everything that follows. This section is deliberately concise and disciplined: it reports what happened and why it matters, without numbers or speculation, and it covers the domestic central bank rather than echoing global headlines.
What it covers: The market’s economic dashboard, covering leading indicators, inflation, employment, housing, production and trade, with emphasis on the releases that moved most or surprised most, plus an economic surprise index reading that summarizes whether data is beating or missing expectations. Includes a chart of the most decision-relevant indicator trends.What you learn: Whether the economy is accelerating or decelerating, where the surprises are concentrated, and which data points deserve attention before the next allocation decision.
What it covers: The government bond market, yield levels and changes across the curve, monthly and quarterly shifts, and what they imply about growth and policy expectations, anchored to the verified policy rate for the market.What you learn: What the bond market is pricing, how duration is being rewarded or punished, and how the rates picture frames every other asset class in the report.
What it covers: The currency’s recent path and its statistical position, including a z-score reading that places the current level against its own history, plus the rate differentials and flow dynamics behind the move.What you learn: Whether the currency looks stretched or supported, what mean-reversion logic implies at current levels, and what that means for hedging and for foreign investors’ effective returns in the market.
What it covers: The market’s composite market-sentiment score, a single measure built from liquidity, momentum, and breadth components, and the sentiment regime it implies, from strongly risk-averse to strongly risk-seeking.What you learn: Whether market internals confirm or contradict the macro story. When price action and sentiment disagree with fundamentals, this section is where the tension surfaces.
What it covers: The bonds-versus-equities decision for the market: duration posture, corporate credit versus government bonds, and equity allocation, framed explicitly from the perspective of a foreign investor weighing currency exposure and repatriation, what the position is worth once converted back to the home currency. The section is explicitly required to weigh geopolitical and domestic political events affecting the market, political risk must reach the positioning call rather than sit in a commentary box.What you learn: The report’s positioning bottom line for the market, how the macro, rates, currency, sentiment, and political-risk evidence nets out into an allocation stance.
What it covers: Which equity factors are currently working in this market, across value, momentum, quality and their peers, how their effectiveness is trending, and what the factor spreads (the performance gap between the stocks each factor favors and those it shuns) reveal about market character.What you learn: The style regime. Whether this is a market rewarding cheapness, trend, or resilience, the single most useful input for tilting an equity book or evaluating an active manager’s tailwinds.This is market-level context, not a security-level instruction. The factor framework behind Parallax scores holds persistent multi-factor exposure by design; the report tells you what the current environment is rewarding, not to abandon that discipline.
What it covers: Sector-by-sector performance and dispersion, how far apart the best and worst sectors are, showing which industries are leading, which are lagging, and what the rotation pattern says about the cycle.What you learn: Where the equity market’s internal leadership sits, and whether the rotation confirms the macro read from earlier sections.
What it covers: The forward-looking sector stance: which sectors the framework favors and disfavors given the macro backdrop, rates environment, and sentiment regime established in the preceding sections.What you learn: A concrete, cycle-aware sector tilt to weigh against your own portfolio’s exposures.

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The Global Cross-Asset Report

The global report answers a different question. A country report asks “what should I think about this market?” The global report asks “where in the world, and in which asset class, should capital be?”
Comparable positioning views: Every region and asset class is scored on the same framework, the Quantum Score, built from four pillars: Econometrics Phase for cycle position, Valuation State for price versus value, Market Entropy and Technicals for price action, and Psychological Wavelength for sentiment and positioning, so an overweight in one region is a statement made directly against the alternatives, not in isolation.Built on the country work: The global report reads the week’s country reports as inputs. Its synthesis layer compares the regional findings and brings them into the global allocation view.A global sentiment regime: Country-level sentiment readings are aggregated into a single global risk-appetite measure, how willing investors are, in aggregate, to hold riskier assets, giving one answer to the question “is the world risk-seeking or risk-averse this week?”

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Reading a Report Efficiently

For a fast read: the market news section plus tactical asset allocation gives you the narrative and the bottom line. For an allocation meeting: add the liquidity and sentiment section and the global report’s cross-asset positioning, together they show whether market internals and relative value support the stance. For an equity book: factor analysis, sector analysis, and sector positioning form a self-contained style-and-sector briefing. Terms like Quantum Score, z-score, factor spread, and the sentiment regime labels are defined in plain language in the glossary.

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Explore Further

Macro Reports

The product overview and the value case.

Methodology

How the reports are produced.

Data and Coverage

The data behind every section.

Glossary

Every specialized report term, defined.
About this documentation. These pages describe how Parallax Macro Reports are produced: the data that feeds them, the process that writes them, and the terms they use. They are product documentation, not research.They contain no investment views. Positioning labels such as Overweight, Neutral and Underweight are defined here for reference only. Any views appear in the reports themselves, which carry their own disclosures.Parallax Macro Reports are produced by Chicago Global Capital Pte Ltd, regulated by the Monetary Authority of Singapore.
Last modified on September 21, 2026