NY Open: Watching paint dry
Traders are on tenterhooks ahead of the release of the latest FOMC meeting minutes later today. They shouldn't bother. Fed board members have repeatedly flown the dovish flag in recent days, so why expect surprises?
Today's edition of the Saxo Morning Call features Saxo Bank Head of Equity Strategy Peter Garnry, Head of Commodity Strategy Ole Hansen, and Chief Investment Officer Steen Jakobsen discussing the latest news out of Washington, where President Trump has reportedly called for the imposition of $200 billion in tariffs against China as of next week, rejected the European Union's auto tariffs offer, and even threatened to pull the US out of the World Trade Organization.