GREY BRIEFING #19: FOMC, Grey Week, and the anticipated market outlook

Welcome back to the 19th GREY BRIEFING, one day earlier than usual. We wish you all a happy St. Nicholas Day! Before we start, please note that you only have until tomorrow evening to upgrade your membership to the annual option at the usual conditions as part of our Grey Week. After a weak start to the week, market activity was dominated by concerns about the yen carry trade and hopes for a more relaxed monetary policy. On Tuesday, attention turned to labor market data, while tech stocks and Bitcoin recovered significantly. At the same time, Trump's comments about Kevin Hassett fueled expectations of interest rate cuts ahead of the FOMC meeting in the coming...