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14.12.2016 • 13:00 GMT+3
Dollar Faces a Skewed Fed Response, Dow Rallies with Reckless Abandon
John Kicklighter
• The Dow Jones Industrial Average and S&P 500 extended their incredible bull run with seeming little regard for the FOMC decision ahead
• Markets pricing in certainty of a Fed hike today makes for a significant skew on potential market reactions to different outcomes
• It is important to look beyond the central bank rate decision to long-term trends, liquidity and event risk (like Aussie jobs, the BoE decision and more)
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