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The markets have survived the FOMC's "Peak Accommodation" message for the moment, but it can take some time for these things to seep into the asset allocation meetings of the world's biggest fund managers and investment banks. Its a "Pivot Point" in policy and could end up being a pivot point for the markets but for now, we've escaped a trend ending reaction. Lets see what the next few days bring. Not much else going on. Resources down, market drifting, Philip Lowe boring us.
CLICK HERE to sign up for a free trial of the Marcus Today newsletter including our daily STRATEGY PODCAST
The markets have survived the FOMC's "Peak Accommodation" message for the moment, but it can take some time for these things to seep into the asset allocation meetings of the world's biggest fund managers and investment banks. Its a "Pivot Point" in policy and could end up being a pivot point for the markets but for now, we've escaped a trend ending reaction. Lets see what the next few days bring. Not much else going on. Resources down, market drifting, Philip Lowe boring us.
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