The Cara Navigator: Global Macro and Equity Strategy, October 11, 2025

The Gemini DeepMind team discuss The Cara Navigator, a weekly journal of global macro and equity strategy edited by Bill Cara, dated October 11, 2025. This extensive report offers a rigorous, top-down framework for investors, beginning with market sentiment and macroeconomic forces like central bank policy and debt markets, before analyzing the global equity landscape by sector and geography. Key features include Bill’s Roadmap with consolidated investment guidance, the proprietary INSTAT scoring system for tracking price performance across three time horizons, and a focus on long-term, probabilistic investing using a “barbell strategy.” The analysis covers specific global events, such as a recent Federal Reserve rate cut and escalating US-China trade and technology conflicts, while also providing detailed commentary on gold, energy, commodities, and international markets like Canada.