Macro themes: how do you turn a big story into specific trades?

"The dollar should weaken on rate cuts" is a story, not a trade. The trade needs an instrument, a trigger, a stop and a size — and the discipline to stay out until all four exist.

How do you convert themes?

• how you pick the instrument for a macro view
• the trigger that says the story is active now
• the theme you held too long

The bond yields guide and inflation targets guide supply the macro building blocks.