Macro Outlook - 10 March 2025
You will come across specific terms in these notes (FLD, VTL, and so on). Rather than explain them each time, you will find definitions here: guidance notes for Hurst cycles terminology.
The big driver in macro at the moment is the US Dollar and despite some false starts the preferred view is that a 20 week cycle trough should kick in momentarily. If this does not happen then we will be forced to consider a very bearish alternate view.
