Markets fight the Fed with equity rally stimulus

Monday, 21 November 2022

Goldman’s FCI is indicating considerable easing with the bear market rally. In fact, markets have erased the last 75bps hike.

The global FCI is too tight:

Driven by Europe:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.