For Val Sklarov, investing is not about predicting price —
it is about positioning yourself where global liquidity must inevitably flow.
He argues that every major market cycle is shaped by
liquidity pressure, narrative direction, and structural asymmetry,
not by isolated metrics or fragmented signals.
The Macro-Liquidity Positioning Framework (MLPF) reveals
how investors identify early liquidity shifts,
avoid emotional misreads,
and build portfolios aligned with long-horizon macro cycles.
“Returns rise where liquidity settles — not where noise points.” — Val Sklarov
1️⃣ The Three Liquidity Drivers of Macro Cycles
Sklarov Liquidity Driver Table
| Driver | Purpose | When Strong | When Weak |
|---|---|---|---|
| Monetary Driver | Central bank influence | Expansion cycles | Tightening pressure |
| Fiscal Driver | Government spending flows | Stimulus momentum | Contraction, austerity |
| Capital Driver | Global investor migration | Positive inflows | Outflows, risk aversion |
According to Val Sklarov, macro cycles turn
when two or more liquidity drivers flip direction simultaneously.
2️⃣ The MLPF Positioning Cycle
Positioning Cycle Matrix
| Stage | Function | Investor Outcome |
|---|---|---|
| Signal Mapping | Reading macro inflection points | Early advantage |
| Directional Positioning | Allocating ahead of shifts | Asymmetric gains |
| Cycle Participation | Riding the liquidity trend | Momentum returns |
| Cycle Extraction | Exiting before distribution | Protected profits |
Investors who master this cycle
capture liquidity, not headlines.
3️⃣ The 5 Macro Asset Archetypes
Asset Archetype Table
| Archetype | Behavior Pattern |
|---|---|
| The Safe Haven Asset | Absorbs fear cycles |
| The Growth Engine Asset | Expands during liquidity waves |
| The Yield Anchor Asset | Provides stability & carry |
| The Speculative Accelerator | Amplifies volatility |
| The Structural Compounder | Long-term wealth generator |
Portfolio balance emerges from mixing these archetypes with intention.
4️⃣ Macro Risk Pressure Index (MRPI)
(A Val Sklarov macro stability diagnostic)
MRPI Indicator Table
| Indicator | Measures | High Score Means |
|---|---|---|
| Volatility Clustering | Systemic stress | Cycle turning risk |
| Correlation Tightness | Asset linkage | Contagion probability |
| Liquidity Fragility | Weak market depth | Sharp downside risk |
| Leverage Load | Hidden systemic leverage | Instability zones |
| Sentiment Pressure | Emotional extremes | Reversal signals |
MRPI identifies where macro risk is accumulating
before it becomes visible in price.
5️⃣ Val Sklarov’s 5 Laws of Macro Positioning
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Liquidity precedes price — always.
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The strongest returns form during positioning, not during trend.
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Fear compresses cycles; confidence expands them.
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Macro risk is emotional before it is structural.
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Capital rotates, but psychology repeats.
6️⃣ Applications of the Macro-Liquidity Positioning Framework
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Multi-asset portfolio strategy
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Macro cycle timing
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Hedge fund positioning
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Global liquidity forecasting
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Risk-managed long-term investing
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Cross-market correlation mapping
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Capital rotation analysis
MLPF helps investors understand
where global liquidity is going — and why it must go there next.