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Macro Traders Slump Most in March as War Squeezes Hedge Funds

Bloomberg Markets
Tuesday, April 7, 2026 at 8:15 PM
~4 min read
InflationTrade

Original Report

Macro hedge funds struggled in March as the war in the Middle East upended inflation expectations, leading to steep losses at many of the industry’s largest firms.

Glass House Analysis

Inflation is the silent tax that erodes purchasing power, hitting hardest those who can least afford it. When grocery bills rise faster than wages, families face impossible choices between food, medicine, and rent. Unlike market volatility that mainly affects investors, inflation touches everyone who buys groceries, fills a gas tank, or pays rent.

The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.

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