Enhance your investment research without costly subscriptions by using free, professional-grade resources like Trading Economics. This platform provides comprehensive global macroeconomic and market data, serving as a powerful alternative to a Bloomberg Terminal. Adopt a daily routine of reviewing how different asset classes like stocks, bonds, and commodities are performing relative to each other to gauge market sentiment. Track newly released global economic data, such as inflation and employment reports, to understand their potential impact on your portfolio. Supplement this data-driven approach by staying informed with reputable news sources like the Financial Times and Bloomberg.

Investment Research Tools & Strategy

• The speaker, Bob Elliott, discusses his personal research process, emphasizing the use of free, high-quality resources over expensive institutional tools like a Bloomberg Terminal.
• His approach is centered on a daily review of macroeconomic data and market movements to understand what is happening in the global economy.

Takeaways

• Leverage Free Professional-Grade Tools: Investors don't necessarily need expensive subscriptions to perform quality research. The speaker strongly recommends Trading Economics as a primary resource.
  • He describes it as a free and "great" tool that contains "all the macro data and all the core market data you want to have."
  • This can be a cost-effective alternative for retail investors looking for comprehensive global economic data.
• Incorporate a Daily Macro Review: A key insight is the value of a daily routine focused on macroeconomics.
  • Analyze Intermarket Action: Start the day by looking at how different markets (stocks, bonds, currencies, commodities) are behaving relative to each other. This can provide clues about the market's main concerns and expectations.
  • Track Global Data: Pay attention to new economic data released around the world (e.g., inflation, employment, manufacturing reports) and consider how it might impact your investments.
• Stay Informed with Standard News: While data is the core of his process, the speaker also supplements his analysis by reading standard news sources like the Financial Times (FT) and Bloomberg.