Macro strategies are driven by which of the following?

Macro strategies are fundamentally focused on the broader economic environment rather than individual company performance or technical analysis of specific stocks. They aim to capitalize on economic themes and trends such as inflation rates, interest rates, GDP growth, and geopolitical events that can affect markets on a global scale.

The essence of macro investing involves making decisions based on anticipated economic conditions and changes that impact entire markets or asset classes rather than getting into the specifics of single companies or financial instruments. This approach allows investors to strategically allocate assets across various regions and sectors based on macroeconomic outlooks.

In contrast, the other answer choices focus on narrower aspects of investment analysis. For example, individual company performance is critical in stock-picking strategies that do not consider the broader marketplace, and technical analysis revolves around price movements of particular stocks rather than macroeconomic influences. Investing solely in fixed income securities excludes the broader strategic considerations inherent in macro strategies, which often include equities, commodities, currencies, and other asset classes depending on the economic outlook.