► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs<br /><br />The first rule of macro trading is ‘don't fight the Fed’, meaning that it is ill-advised to take bets against the central bank. But, asks Global Investment editor Miles Johnson, why have investors missed the biggest macro trade of all time?<br /><br />For more video content from the Financial Times, visit http://www.FT.com/video<br /><br /><br />Twitter https://twitter.com/ftvideo<br />Facebook https://www.facebook.com/financialtimes
