Unit 1 — How Futures Actually Work
6 lessons
The instrument itself: what a futures contract is, who is really on each side, and why leverage, the curve, and settlement trip up everyone who skips them.
Before any of the macro payoff, let's get the instrument right, because the jargon makes it sound harder than it is.
Every futures contract has two sides, and the fastest way to understand the whole market is to learn who sits on each.
A futures quote packs more into a few characters than a stock ticker does, and the extra parts are where beginners get lost.
This is the lesson that explains why futures make fortunes and craters out of the same small move.
Two intimidating words hide one simple, powerful idea: the shape of the futures curve tells you what the market thinks about the future, and it quietly determines whether long-term futures positions bleed or bloom.
Every future dies on a known date, and what happens at that death is the source of the market's scariest myth — the one about waking up to a truckload of crude oil in your driveway.
Unit 2 — The Markets That Move Everything
5 lessons
The five markets that set the price of money, energy, safety, and stocks themselves — the ones whose moves show up in your portfolio whether you watch them or not.
Welcome to Unit 2 — the handful of markets that price everything else.
Almost everything with a price is priced in dollars — oil, gold, global trade, emerging-market debt.
Energy is the input to nearly every physical thing in the economy — it's in the shipping, the manufacturing, the farming, and the plastic.
Metals split neatly into two stories, and confusing them is a classic error.
You already own stocks; this lesson shows you the market where the stock market itself is priced overnight.
Unit 3 — Reading the Regime
5 lessons
The two-dial framework professionals actually use: growth and inflation, the real rate underneath both, and the signals that whisper which way the weather is turning.
Unit 3 is the payoff the whole course was climbing toward: the framework professionals actually use to make sense of everything.
If you learn one number that most investors never think about, make it this one.
Some days the market seems to move as one giant organism — everything risky up together, or everything risky down together.
The yield curve is the single most famous forecasting tool in macroeconomics, and its most alarming shape has preceded nearly every modern recession.
Official economic data arrives late and revised; commodity markets price the real economy in real time.
Unit 4 — Macro Meets Your Money
4 lessons
Where all of it lands: the overnight gaps, the cost of capital, macro as telemetry instead of temptation, and the graduation lesson — reading the weather without trading it.
Unit 4 brings it all home to the portfolio you actually own.
Here's the twist that echoes the Options School's flow lesson: you can benefit enormously from the macro markets without ever placing a macro trade.
Macro fluency earns its keep at exactly one moment: the day the weather turns violent.
Twenty lessons of futures and regimes, and here's the graduation: for almost every investor, the correct amount of macro trading is none.
Not financial advice · Educational only