Balanced depth — story premium and holdings with context, without the quant dump.

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What regime means

How your book fits the current macro picture

Not a forecast — a map of exposures and tilts based on what you hold.

Markets rotate through regimes: rate cuts vs hikes, growth vs value, risk-on vs risk-off. Your holdings inherit factor and sector sensitivities whether you track them or not. Swintenel summarizes where you're over- or under-exposed relative to a balanced baseline.

Over-exposed means a macro factor could hurt disproportionately if it moves against you. Under-exposed highlights room to add balance or hedges if you want it.

Bets & correlation

When many holdings move together

Effective bets and cluster view show hidden concentration beyond single-stock weights.

  • Effective bets — how many independent risk drivers you really have (lower = more correlated).
  • Clusters — groups that tend to move together (e.g. AI semis, rate-sensitive growth).

Retail framing

Macro context — not a trading signal

Use it to ask: if rates spike or tech sells off, which part of my book feels it first?

Regime sections stay short: a gauge or key number, two or three bullets, and factor rows you can scan in seconds. Pair with holdings (what you own) and catalysts (what could move you this week) for a complete picture.

Macro regime in the sample report →

Run this on your own book — upload a portfolio and confirm holdings before scanning.