What's worked, what hasn't, and where to double down - VP March 2024 Global Macro Trading Discussion

Highlights from this month's Global Macro Trading discussion:

• What's worked and we still like: short THB, short CHF, short CNH
• What hasn't moved or moved against us, but we still like: short SONIA vs SOFR, AUD flatteners
• Cyclical trades that could be tactically choppy: long gold / energy / commodities, long Brazil equities, long USD

Links to the March and February EM/DM Leading Indicator Watch reports