If you're trading plan is to trade the daily and weekly timeframes, having an idea about the macro overview and potential catalysts can help you decide when a swing trade has a high probability of working out. If you're taking a medium term swing now with a 7% stop loss in place, your risk reward probably isn't that great.  But, if you firmly believed or had inside information about 6 trillion potentially being deployed, maybe you loosen your stops and average down.  Shorter term traders have less or no need for a macro overview.