Saxo Market Call

Who‘s afraid of the big, bad Fed?

December 16, 2021

Today's slide deck:  https://bit.ly/3E1vT2j   -

Today we pick apart the market reaction to the FOMC meeting, which approximately met market expectations, at least according to the what the market is expecting the Fed to deliver in the way of an accelerated asset purchase taper and three rate hikes next year. The equity market took the event risk as an excuse to buy-the-fact as there was no net new hawkish surprise and long yields remained tame. We also look at the reactions in commodities and FX to the FOMC meeting, preview FedEx earnings and look at a very busy central bank meeting calendar for the day ahead and more. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

Intro and outro music by AShamaluevMusic

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