Equity traders are increasingly focusing their attention on macro forces ... apparently, ignoring the broader viewpoint on the American and the global economy is not a reasonable stance anymore. If business schools and finance departments come to the same realization, it may help future generations of traders and market participants.
http://online.wsj.com/article/SB10001424052748704190704575489743387052652.html
Interesting Quote from the WSJ article:
"Stock pickers say macro forces began moving stocks in a big way during the 2008 financial crisis, and that has continued this year following the European debt crisis. Traders also are focusing on the potential for a double-dip recession to hit corporate profits; on government deficits; and especially on what central banks will do about stimulus programs that pumped cash into the economy".