MacroPass™: Michael Kantrowitz' On Uncharacteristic Economic Green Shoots

An atypical soft landing at hand?

This week’s installment of our popular MacroPass™ service for premium members of this Substack comes from research analyst Michael Kantrowitz whom I interviewed on Thoughtful Money earlier today.

It presents the latest charts and analysis Michael uses in his H.O.P.E framework to determine the real-time trajectory of the US economy and the impact it should have on the financial markets.

In short, Michael sees the economy doing something it rarely does. This spells opportunity for investors, but also comes with the risks of being in somewhat uncharted territory.

As a reminder, MacroPass™ is a weekly rotating selection of premium analysis from many of the big thinkers interviewed on Thoughtful Money.

To-date that list of contributors includes experts like Lacy Hunt (Hoisington), Stephanie Pomboy (Macro Mavens), Danielle DiMartino Booth (QI Research), Tom McClellan, Michael Howell (Capital Wars), Darius Dale (42 Macro), Doomberg, Ted Oakley (Oxbow Advisors), Kevin Muir (The Macro Tourist), Alf Peccatiello (The Macro Compass), Lance Lambert (ResiClub), Ed Yardini (Yardini Research), David Hay (Haymaker), Melody Wright (M3_Melody), David Stockman (Contra Corner), David Brady (FIPEST Report), John Rubino, Adam Kobeissi (The Kobeissi Letter), Sven Henrich (Northman Trader), Jeff Clark (The Gold Advisor), Charles Hugh Smith, Steven Bavaria (Inside the Income Factory®), Chris Whalen (The Institutional Risk Analyst), Felix Zulauf, Jesse Felder (The Felder Report) and Brent Johnson (Macro Alchemist).

Recent MacroPass™ reports in this series include:

• Lacy Hunt's latest Quarterly Outlook

• Michael Howell's liquidity outlook for 2025

• Darius Dale's forecast for DOGE + full interview slides

• Ted Oakley's Q1 2025 Market Outlook

• Jesse Felder on the vulnerability of today's stock prices

• More on Felix Zulauf's outlook for 2025

• Brent Johnson on the Yen carry trade

• David Hay's top investment rankings

If you’re already a premium subscriber to this Substack, just continue below to access Michael’s full 9-page H.O.P.E. framework update.

But if you’re not (yet), read the start of it below and consider upgrading to premium and access the full version, as well as all past and future MacroPass™ content.