Fear not the Fed for now, concludes market

Link to slide deck: https://bit.ly/3I8xMj1   -

The Saxo Q1 2023 Outlook

Today we look at the strong market rally yesterday after considerable volatility in the wake of Fed Chair Powell's interview. In the end, the market decided that Powell is benign and not anxious to push back against market expectations or the dovish interpretation of last week's FOMC meeting. We look at leading market sectors that suggest the market is pricing increasing probability of a new upswing in the economy. We also break down key stocks to watch, including Cybersecurity leader Fortinet, Vestas and more. In FX, the focus is on whether the USD rally can continue if the market feels the Fed is passive here. Today's pod features Peter Garnry on equities, with John J. Hardy hosting and on FX.

Read daily in-depth market updates from the Saxo Market Call and Saxo Strategy Team here.

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Intro and outro music by AShamaluevMusic