Julien Bittel

GMI; liquidity-cycle macro

Head of Macro Research at Global Macro Investor (GMI), Raoul Pal's institutional research firm. Bittel built his profile tracking global M2 and central-bank balance-sheet cycles to generate cross-asset signals, particularly for equities and crypto. He is best known for framing global liquidity as the dominant macro variable, a thesis he publishes regularly through GMI and on social media.