Santiago Capital

Santiago Capital

Macro Pilgrim's Ledger | November 2, 2025

Brent Johnson's weekly report for the week of November 2, 2025.

Santiago Capital's avatar
Santiago Capital
Nov 02, 2025
∙ Paid

“Walking the path of global markets, one step at a time.”

The final days of October unfolded under the shadow of a partially shuttered government. Key federal releases remained suspended, forcing markets to navigate without their usual guideposts. The week also coincided with the Federal Reserve’s policy meeting, adding another layer of anticipation to a…

Keep reading with a 7-day free trial

Subscribe to Santiago Capital to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2026 Brent Johnson · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture