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Fat Cat Capital is an independent investment research and analysis practice focused on understanding how macroeconomic forces, liquidity, and market positioning interact over time.

The work centers on identifying asymmetric risk–reward situations driven by policy shifts, reflexive feedback loops, and changes in market narratives, rather than short-term price prediction.

What I focus on

• Global macro dynamics, with emphasis on interest rates, currencies, and liquidity conditions
• Market reflexivity: how expectations, positioning, and policy reinforce or unwind trends
• Medium- to long-horizon analysis where patience and risk control matter more than speed

How I work

• Develop clear frameworks to interpret macro signals rather than react to headlines
• Anchor analysis in primary sources such as central bank communication, balance sheet data, and positioning reports
• Track how narratives evolve and where markets may be mispricing risk

What this is for

This work is intended for investors and professionals who want to understand how markets work, not be told what to buy or sell.

The emphasis is on clarity of thought, disciplined reasoning, and knowing what would invalidate a view.

What this is not

• No investment advice or personalised recommendations
• No guarantees, forecasts, or performance promises
• No day-trading, signal selling, or leverage-first strategies

Risk is treated as something to be managed first and exploited only when conditions are favourable.