Founded by Joe Zidle — Former Chief Investment Strategist & Partner, Blackstone • Former Head of Investment Strategy, Bank of America Merrill Lynch

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macro & strategy Members 6 min read

The Staircase Economy

I keep coming back to one line in Delta's Q2 2026 earnings. For the first time in the airline's history, premium ticket revenue exceeded main cabin revenue. Not marginally. That is why services inflation will not behave... rate hikes don't impact this group.

July 21, 2026 by Joe Zidle

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macro & strategy Members Jul 16, 2026

The Resting Heartrate

The market exhaled this week. Consumer prices fell Tuesday, producer prices fell Wednesday, and the relief was immediate. The bet on a July rate hike, which stood at 42% on Monday, collapsed. I would not join the celebration. The resting heartrate to inflation is higher.

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allocation Members Jul 9, 2026

Positioning for the Overheat

The economy is not late. It is hot. On the Investment Clock the hand sits in the overheat quadrant, where growth runs solid and inflation runs right alongside it. That combination decides how capital gets deployed in the second half.

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macro & strategy Members Jul 2, 2026

Explode Something Responsibly

Find some shaded hug some people you like; explode something responsibly. Happy Fourth.

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ZidleMSG is not a registered investment adviser, broker-dealer, or fiduciary. All content is independent macroeconomic research and commentary, published for informational purposes only. Nothing on this website constitutes investment advice, a solicitation, or a recommendation to buy, sell, or hold any security or investment product. ZidleMSG does not manage assets, execute transactions, or provide personalized investment advice. Advisory engagements are limited to macroeconomic research and commentary and do not constitute an investment advisory relationship under the Investment Advisers Act of 1940. Consult a qualified financial professional before making any investment decision. © Zidle Macro Strategy Group. All rights reserved.

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