There's so much going on that it's difficult to see the wood from the trees
I can't help but repeat the importance of yesterday's hike. It's the cause of a train of events that's going to rumble on for some time. No matter whether markets got what they expected, they needed final confirmation before moving
Emerging markets now start adjusting, major markets now start adjusting. Flows are in motion across the globe and it all comes at the sharp end of the year
Yesterday I had a chat with one of the CME's old guard, Mr Danny Riley, otherwise known as Mr Top Step. He very kindly put together a video of what to expect after the FOMC but unfortunately it came in while I was taking a quick break ahead of the FOMC. I owe him a big fat apology for that. If ever our paths cross the beers are on me
Here's the video anyway as it contains some useful insight into what today and tomorrow will still bring. It also features one of our regulars, Nigel Marks
Huge huge thanks to Mr TopStep and be sure to add him to your twitter feeds @MrTopStep
