Macro Outlook - 26 November 2024
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.
A top out in the US Dollar and upside reversal in bonds points to a short to intermediate term macro rotation. We see Gold, Copper and Oil extending higher together with the Euro. The dollar yen and Nikkei are breaking down near term, but the US market looks robust. We expect a short rest in Bitcoin and then up and onwards again.
