Macro check

In German: Makro-Check

The rules-based check of a region's economy on the EllTec Analysis macro dashboard: every indicator counts +1 (tailwind), 0 (neutral) or −1 (headwind) for equities, and the result is scaled to −100 to +100. From +20 the backdrop reads bullish, from −20 bearish. It feeds the macro backdrop card of every analysis.