I can show you how to look at the markets like a proper key risk taker

It sounds like you're offering a valuable opportunity for those looking to sharpen their market analysis skills, particularly from a global macro perspective. Based on the most helpful WSO content, here are some key takeaways and resources that could complement your mentorship:

1. Building a Macro Foundation:

   • Start with essential readings like "Macroeconomics for Professionals" and "Central Banking 101". These provide a solid understanding of macroeconomic principles and monetary policy.
   • Dive into books on economic indicators to grasp the nuances of market-moving data.

2. Understanding Asset Classes:

   • Global macro trading often spans equities, fixed income, commodities, and currencies. Each asset class reacts differently to macroeconomic cycles, so understanding their unique drivers is crucial.
   • For example, commodities like copper are heavily influenced by global growth and inflation, while currencies often reflect geopolitical and economic stability.

3. Market Dynamics and Behavior:

   • Learn how financial systems interact with the real economy. For instance, credit and leverage cycles significantly impact economic peaks and troughs.
   • Recognize that some markets, like equities, may be loosely tied to the real economy, while others, like rates and credit, are more directly connected.

4. Practical Tools and Resources:

   • Resources like Piper Sandler's "Interns Guide to Macro" and Variant Perception's blog/YouTube channel are excellent for understanding business and liquidity cycles.
   • For a deep dive into money markets, Stigum's Money Market is a classic, though dense, resource.

5. Geopolitical and Risk Awareness:

   • A strong grasp of geopolitical trends, demographics, and climate change is becoming increasingly important for macro traders. These factors can drive significant market shifts.

6. On-the-Desk Training:

   • As you mentioned, nothing beats hands-on experience. However, being prepared with a foundational understanding of macroeconomics, market behavior, and asset class dynamics can make a new trader more effective from day one.

If you're mentoring, consider guiding individuals through these resources and helping them apply theoretical knowledge to real-world scenarios. Your experience as a market maker and risk taker in algo trading is invaluable, and combining that with structured learning could create a powerful training ground for aspiring macro traders. Cheers!

Sources: 1st Year Macro HF Analyst: My Macro Framework, https://www.wallstreetoasis.com/forum/hedge-fund/developing-macro-understanding?customgpt=1, Macro HF Interviews: Paul Tudor Jones, Louis Bacon and Bruce Kovner, Macro: Rates and FX