With the Fed signaling meaningful changes to their policy stance, what will be the cascading effects across US rates, equities, and global FX markets in what promises to be a pivotal period for investors? In this episode, we discuss the interconnected challenges of monetary policy pivots, earnings expectations heading into 2026, and the looming Supreme Court decision on US tariffs that could reshape global trade dynamics.

Participants:

• Lori Calvasina (Research), Head of U.S. Equity Strategy
• Richard Cochinos (Desk Strategy), FX Strategist
• Blake Gwinn (Desk Strategy), Head of US Rates Strategy

* Research Analyst opinions are their published views, independent of those expressed by Desk Analysts