Macro plays are almost over. The sooner people understand the better. The markets are strongly correlated at the time of crisis, or when they fear a crisis. Not much integrated when they recover. Its simple to see through an example - When sandy was approaching NYC, everyone be it rich or poor, elite or bourgeouis, were equally afraid and life came to standstill for all. Perfect correlation. But the moment sandy passed, correaltion broke. Each one went back to his own unique ways and their lives began to move at different speed.
So since the crisis storms have passed, follow the right stories now. I think infra will be the big game this year. Pick the beaten down stocks there