“I like to listen. I have learned a great deal from listening carefully. Most people never listen.” – Ernest Hemingway
Once again, all about the FOMC meeting at the end of the month. As we have discussed, keep an eye on data and on all the FOMC Members speaking this week.
Remember that this is the last week ahead of the Black-Out Period before the meeting so it is the last chance the Members have a chance to point the market in the right direction.
All-in-all, it still looks like the market is really trying to force the Fed despite recent data; heads-up for Retail Sales tomorrow. It will be interesting to see after recent data points showing the stronger NFP and Hotter CPI prints.
Interestingly enough, most market participants seem to be pricing in a clear road-map all the way into the 2020 election; in today’s session, will will review this ‘perfect scenario’, what it means for the main asset classes and what could go wrong.
Don’t forget that Earnings Season start to get into full swing this week with the banks.

