RV Focus - VP May 2024 Global Macro Trading Discussion

  • Discuss our newly published Top Global Macro Ideas dashboard
  • At present, it is not obvious that we want to be taking big directional bets on asset classes, shifting our focus to more relative value opportunities: 
    • FX: long AUDCAD, short EURSEK, long EURUSD, long EURCHF, bullish GBP bias, short CNHKRW/THBKRW, short USDIDR, short EURPLN, long USDCNH, short CNHINR
    • Fixed Income: Short Sonia vs SOFR Dec 24 futures, Australian flatteners (2s10s), long Canada bonds, long Brazil bonds
    • Equities: long US small caps, long homebuilders, long Brazil equities
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