Investment Disclaimer

1. Nature of Information

The information provided by VantMacro, including but not limited to economic indicators, regime classifications, historical performance data, transition probabilities, and market analysis, is for educational and informational purposes only.

VantMacro is not a registered investment advisor, broker-dealer, or financial planner. We do not provide personalized investment advice, portfolio recommendations, or specific buy/sell recommendations for securities.

2. Not Financial Advice

Nothing on VantMacro constitutes financial advice. All content, including:

• Economic regime classifications and confidence scores
• Historical asset performance by regime
• Regime transition probabilities
• Liquidity indicators and market metrics
• Knowledge Hub articles and educational content
• Dashboard insights and regime predictions

...is provided for general informational purposes and should not be relied upon as the sole basis for making investment decisions.

3. No Guarantees or Warranties

Past performance does not guarantee future results. Historical regime performance, asset returns, and transition probabilities are based on past data and may not be indicative of future performance.

VantMacro makes no representations or warranties regarding:

• The accuracy, completeness, or timeliness of any information
• The suitability of any regime classification or market analysis for your individual circumstances
• Future market performance or economic outcomes
• The reliability of third-party data sources (FRED, OECD, etc.)

Markets are unpredictable. Economic regimes can change rapidly, and unforeseen events can materially impact market conditions. No analysis, model, or indicator can predict the future with certainty.

4. Risk Disclosure

All investments carry risk, including the potential loss of principal. You acknowledge and accept that:

• Investment values can fluctuate significantly and may decline
• Past performance of assets during specific regimes does not guarantee similar performance in the future
• Economic regime classifications are analytical constructs and may not accurately reflect current or future market conditions
• You may lose some or all of your invested capital in any investment
• Market conditions, interest rates, inflation, and geopolitical events can materially impact investment performance

You are solely responsible for evaluating the merits and risks of any investment decision you make. VantMacro does not accept any liability for investment losses.

5. Consult a Professional

Before making any investment decisions, you should consult with a qualified financial advisor who:

• Understands your individual financial circumstances, goals, and risk tolerance
• Can provide personalized investment advice
• Is familiar with applicable tax laws and regulations in your jurisdiction
• Can help you construct an appropriate portfolio

VantMacro cannot and does not consider your individual circumstances, risk profile, or financial goals. Only a qualified professional can provide advice tailored to your specific situation.

6. Data Sources and Methodology

VantMacro aggregates data from third-party sources including:

• Federal Reserve Economic Data (FRED) - St. Louis Fed
• Organisation for Economic Co-operation and Development (OECD)
• U.S. Treasury
• Market data providers

While we strive to use reputable sources, VantMacro:

• Does not guarantee the accuracy or completeness of third-party data
• Is not responsible for errors, delays, or revisions in third-party data
• May experience data gaps, reporting delays, or temporary unavailability
• Uses proprietary methodologies for regime classification that are analytical constructs, not guarantees

Data Lag: Economic data is often released with a delay (e.g., GDP data may be reported weeks after the quarter ends). This lag can affect the timeliness of regime classifications.

7. Backtests and Historical Analysis

Backtests are hypothetical. Historical regime performance and asset returns are based on past data and do not represent actual trading results.

Backtests have inherent limitations:

• Hindsight Bias: Backtests are designed with the benefit of historical knowledge
• Survivorship Bias: Historical data may exclude assets that no longer exist
• No Transaction Costs: Backtests may not account for trading costs, slippage, or taxes
• Regime Reclassification: Historical regime classifications may change as methodologies are refined
• Data Mining: Historical patterns may be coincidental and not persist in the future

Past performance does not guarantee future results. Assets that performed well in past regimes may perform poorly in future similar regimes.

8. Forward-Looking Statements

Some content on VantMacro may include forward-looking statements or predictions about:

• Regime transition probabilities
• Potential economic trends
• Market outlook or scenarios

Forward-looking statements are speculative and subject to significant uncertainty. Actual outcomes may differ materially from any predictions or expectations. Do not rely on forward-looking statements for investment decisions.

9. No Endorsement

References to specific asset classes, securities, ETFs, or investment products are for illustrative purposes only and do not constitute endorsements or recommendations.

VantMacro does not receive compensation from asset managers, ETF providers, or financial institutions for mentioning their products. Any examples are provided solely for educational purposes.

10. Limitation of Liability

To the maximum extent permitted by law, VantMacro and its operator (Prof. Dr. Dr. Jan-Peter Herbst) shall not be liable for:

• Any investment losses, damages, or financial harm resulting from use of the Service
• Errors, inaccuracies, or omissions in data, analysis, or regime classifications
• Service interruptions, data delays, or technical issues
• Third-party data source errors or unavailability
• Any reliance you place on information provided through VantMacro

You use VantMacro at your own risk. See our Terms of Service for complete limitation of liability provisions.

11. Geographic Restrictions

VantMacro is operated from the United Kingdom. The information provided may not be appropriate for users in all jurisdictions.

If you access VantMacro from outside the UK, you are responsible for compliance with local laws and regulations regarding investment information and financial services.

12. Changes to Disclaimer

VantMacro reserves the right to modify this disclaimer at any time. Material changes will be communicated via email or website notice. Your continued use of the Service after changes constitutes acceptance of the updated disclaimer.

Last Updated: January 27, 2026

13. Contact

If you have questions about this disclaimer or VantMacro's services, please contact: