Rates, liquidity, the dollar and the economy are the weather every company operates in. This page shows where they stand and how each one reaches stock prices and your DCF.
A DCF turns future cash into today's money. When rates rise, future cash is worth less today, so the value falls — most of all for companies whose profits lie far ahead.
Spending, jobs and orders feed revenue and margins. A slowing economy shows up first in the growth and margin a company can actually deliver.
Fear and greed move prices further and faster than businesses change. They widen or close the gap between the price and what your own assumptions say a company is worth.
Macro does not say whether a stock is good or bad; it describes the conditions your assumptions have to survive. Look back at a saved DCF: does its discount rate still fit today's interest rates, and is the growth you assumed still plausible if the economy slows?
Data from FRED and Yahoo Finance, summarised by AI