> ## Documentation Index
> Fetch the complete documentation index at: https://docs.chicago.global/llms.txt
> Use this file to discover all available pages before exploring further.

# Data and Coverage

> The data foundation behind Macro Reports: economic, fixed income, currency, equity, and sentiment data ingested and validated by automated pipelines

Research is only as good as the data beneath it. Macro Reports sits on an ingestion layer that pulls, validates, and organizes market and economic data on each source's own publishing frequency.

<Note>
  **The foundation:** Roughly 200 million rows of market and macro data sit beneath the reports. The library includes daily market series with multi-decade history, covering prices, yields, exchange rates, factor and sector readings and sentiment components, plus the full economic dashboard for every covered market. Automated ingestion and validation prepare the data available to each report run.
</Note>

## Executive Summary

**Categories**: Economic releases, fixed income, currencies, equity factors and sectors, sentiment and liquidity indicators, and market news.

**Cadence**: Market series are generally daily; economic releases follow their monthly or quarterly publication calendars. Each weekly report uses the latest available inputs.

**Preparation**: Quantitative inputs are calculated before drafting. Analysts receive availability notices for missing series.

## Data Categories

<CardGroup cols={2}>
  <Card title="Economic Releases" icon="chart-column">
    **Coverage**: The full economic dashboard per market. Leading indicators, business and consumer confidence, manufacturing and services activity, inflation at consumer and producer level, employment, housing, money supply, trade and capital flows, and national accounts. Consensus forecasts are collected alongside the actuals, which is what makes a surprise measurable.

    **In the reports**: The key macro indicators section, the [economic surprise index](/glossary/economic-surprise-index) reading, and the evidence base the research team draws on when setting the cycle-position pillar of the positioning framework.
  </Card>

  <Card title="Fixed Income" icon="landmark">
    **Coverage**: Government bond yields across maturities, policy rates, and the derived measures that describe the rates environment, including [curve shape](/glossary/curve-shape) and monthly and quarterly yield changes.

    **In the reports**: The fixed income section, the verified policy rate shared across sections, and the bonds side of the tactical allocation decision.
  </Card>

  <Card title="Currencies" icon="money-bill-transfer">
    **Coverage**: Exchange rates and their statistical context, historical distributions, z-scores, and technical readings, for covered markets.

    **In the reports**: The currency section's stretched-or-supported assessment and the currency-exposure lens applied throughout the tactical allocation analysis.
  </Card>

  <Card title="Equity Factors and Sectors" icon="layer-group">
    **Coverage**: Factor measurements across value, momentum, quality and related styles, including [factor effectiveness](/glossary/factor-effectiveness) readings and [factor spreads](/glossary/factor-spread), plus sector-level performance and dispersion (the spread between leading and lagging sectors) for each market.

    **In the reports**: The factor analysis, sector analysis, and sector positioning sections.
  </Card>

  <Card title="Sentiment and Liquidity" icon="wave-pulse">
    **Coverage**: The liquidity, momentum, and [breadth](/glossary/breadth) components of the [composite market-sentiment score](/glossary/composite-market-sentiment-score), plus volatility and market-stress indicators.

    **In the reports**: The liquidity and sentiment section, the five-state [sentiment regime](/glossary/sentiment-regime) classification, and the global risk-appetite aggregation in the cross-asset report.
  </Card>

  <Card title="Market News" icon="newspaper">
    **Coverage**: Current news researched live at generation time, central bank communications, policy developments, and market-moving events, rather than from a static news database.

    **In the reports**: The market news section and the narrative context woven through the synthesis.
  </Card>

  <Card title="Geopolitical and Policy Developments" icon="earth-americas">
    **Coverage**: Geopolitical risk, trade policy, and domestic political developments, researched by the analysts rather than drawn from a data feed, with a research window for structural developments deliberately wider than the weekly cycle.

    **In the reports**: A standing analytical dimension of the market news section, and an explicit input the tactical allocation section must weigh in its positioning call.
  </Card>
</CardGroup>

The cross-asset positioning framework additionally scores commodities alongside equities, fixed income, and currencies, so the global view is informed by all four asset classes. The research team maintains the pillar scores as expert inputs. The generation process uses these scores alongside quantitative data and current news.

## The Automated Pipeline

Reports combine quantitative data, current news research, and expert pillar scores.

```mermaid theme={null}
graph TB
    A[Market Data - Daily] --> D[Automated Validation]
    B[Economic Releases] --> D
    D --> E[Verified Inputs]
    E --> F[Weekly Generation]
    C[Live News Research] --> F
    G[Expert Pillar Scores] --> F
    F --> H[Reports Published]
```

**Ingestion on natural frequencies.** Each series arrives on its natural frequency: daily for market prices, yields, currencies, and sentiment indicators; monthly and quarterly for economic releases. Each run reads the latest data available at generation time.

**Computation before narration.** The quantitative layer calculates factor readings, spreads, z-scores, sentiment composites, and technical measures before drafting. These results supply both the relevant charts and the analytical inputs for the text.

**Input validation and coverage.** The pipeline checks incoming data and provides availability notices to the relevant sections. Analysts are instructed to omit unsupported figures. Completeness checks determine whether enough sections are available for the report to proceed.

## Market Coverage

Macro Reports covers developed and emerging markets across Asia, Europe, and the Americas, and every covered market receives the identical nine-section treatment, with the global cross-asset report spanning all covered regions. For the current market list, [contact us](https://parallax.chicago.global/contact).

## Explore Further

<CardGroup cols={2}>
  <Card title="Macro Reports" icon="newspaper" href="/macro/overview">
    The product overview and the value case.
  </Card>

  <Card title="Methodology" icon="gears" href="/macro/methodology">
    How data becomes a finished report.
  </Card>

  <Card title="Inside a Macro Report" icon="book-open" href="/macro/anatomy">
    Where each data category surfaces.
  </Card>

  <Card title="Glossary" icon="book" href="/glossary/overview">
    The measures defined in plain language.
  </Card>
</CardGroup>

***

<Note>
  **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**.
</Note>