Macro Outlook - 2 June 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.
Overall there is a fair bit of conflict afoot. The assumption is that the Dollar has rounded a 40 day cycle trough and should advance, but we are also seeing near term strength in commodities and Treasury Notes. SPX should fall as Nikkei is doing but is just hanging. This week feels like a crux of some sort.
