Research / 02
June 8, 2026 / 4 min read
Macro Regime Map
A working map of inflation, growth, rates, credit, commodities, and risk appetite used to understand where markets sit in the cycle.
Question
Which regime are markets actually pricing: inflation, disinflation, reflation, or financial stress?
The map compares rates, credit spreads, currencies, commodities, earnings expectations, and market breadth to avoid relying on a single macro narrative.
Allocation Use
The framework helps determine portfolio balance across cash, equities, commodities, digital assets, and hedges when macro conditions become more fragile or more supportive.
What Would Change The View
The map changes with the data: a reversal in inflation, a credit event, or a material shift in growth and labour-market conditions can alter the regime assessment.
Capital 03 research is provided for general information only. It is not investment advice, an offer, solicitation, or recommendation to buy or sell any asset.