Note: The odds for a rate cut at the Oct 30 FOMC meeting are presented the wrong way around in today's podcast. (90% in favor of cut.)Full discussion of this in tomorrow's podcast and ahead of the FOMC meeting.
Today we discuss interesting individual earnings stories and today's trio of central bank meetings, but most importantly offer a general warning that the late spate of extremely compressed market volatility shouldn't be taken as a sign that all is well, but that markets may be spring loaded to swing into gear once a catalyst on key outstanding issues shifts the narrative. Today with host John J. Hardy, Saxo Head of FX Strategy.
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