Macro Outlook - 3 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 US Dollar looks to have rounded a 20 week cycle trough and 10 year notes are in an 80 day cycle peak zone with downside resolution looming. Gold looks to have more near term downside as does the Euro. We have tentative counter-trend bottoms in Oil, SPX and Nikkei futures but need confirmation. We are looking for the next leg down in Copper and for Bitcoin to fade out.
