Will the Fed’s third mandate be in play tomorrow?

The latest Saxo Market Call Listeners' Survey is out now! Don't miss out on your chance to provide feedback and drive the content of our next two Friday Listeners' Edition podcasts: https://bit.ly/3N5gJj6 -     Link to slide deck for today's podcast: https://bit.ly/3Pc1lnA   - Today, we look at the market rally extending higher and verging on melt-up status. On that note, interesting to see whether the Fed's "third mandate" of financial conditions, or arguably the S&P 500, will play any role in its decision on whether to hike tomorrow, with most believing the Fed is set to pause and possibly hike in July. Of course, today's CPI will weigh as well. We also talk commodities after China's surprise rate cut, including copper, corn and uranium and note the AI-hype in individual equity names bordering on the absurd as seen in yesterday's Oracle earnings report and related headlines. This an more on today's pod, which features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX. Read daily in-depth market updates from the Saxo Market Call and SaxoStrats Market Strategy Team here. Click here to open an account with Saxo   - Intro and outro music by AShamaluevMusic