Speculative frenzy extends as FOMC looms

Today's slide deck: https://bit.ly/2Uu4bY0 
Today we discuss whether the market is showing worrying signs of narrowing and overshooting to the upside, especially given today's important FOMC meeting event risk, though we hardly expect the Fed to come up with anything explicitly hawkish today. A look at FX and commodity themes and much more in today's great conversation with Peter Garnry on equities, Ole Hansen on commodities, and John J. Hardy on FX.