Macro Strategist, Saxo Capital Markets

Kay Van-Petersen

Macro Strategist

Saxo Capital Markets

Event-Driven

<ul><li>With US equities holding up, it is three days to the first hike in close to a decade</li><li>Even more important will be the language accompanying the hike</li><li>The Fed implied hike is at 28%, putting KVP squarely in the minority &ndash; what&rsquo;s new?</li><li>We take a quick look at potential tactical moves given a hike or no-hike scenario&nbsp;</li><li>The heat is up on emerging markets, given the downgrade of Brazil to junk status</li><li>Things need to get much worse before they get better for EMs &ndash; who's next?</li></ul>

With US equities holding up, it is three days to the first hike in close to a decadeEven more important will be the language accompanying the hikeThe Fed implied hike is at 28%, putting KVP squarely in the minority &ndash; what&rsquo;s new?We take a quick look at potential tactical moves given a hike or no-hike scenario&nbsp;The heat is up on emerging markets, given the downgrade of Brazil to junk statusThings need to get much worse before they get better for EMs &ndash; who's next?

The Macro Take: 3...2...1... Lift-Off from the Fed!

<ul><li>The Fed doves can coo all they want, but the trend is 221,000 on NFPs</li><li>This is trend over past three months, with jobless down to 5.1% (best in 7 years)</li><li>With 10 days to go, the Fed will move if the markets can stay above 1,800 </li><li>It needs to keep above that until September 16 (-6% move from Fri&rsquo;s 1,921 close)</li><li>Should be an action-packed week with China back in and central bank meetings</li><li>Meetings happening in New Zealand, Canada, Russia, Malaysia, UK, South Korea</li></ul>

The Fed doves can coo all they want, but the trend is 221,000 on NFPsThis is trend over past three months, with jobless down to 5.1% (best in 7 years)With 10 days to go, the Fed will move if the markets can stay above 1,800 It needs to keep above that until September 16 (-6% move from Fri&rsquo;s 1,921 close)Should be an action-packed week with China back in and central bank meetingsMeetings happening in New Zealand, Canada, Russia, Malaysia, UK, South Korea

The Macro Take: Ten days to Fed lift off but the market must hold

Brazil

iShares MSCI Brazil Capped ETF is an exchange-traded fund in the USA. The ETF's objective is to provide investment results that correspond to the performance of the MSCI Brazil 25/50 Index.

iShares MSCI Brazil Capped ETF (EWZ US)

The Macro Take: 3...2...1... Lift-Off from the Fed!

With US equities holding up, it is three days to the first hike in close to a decade Even more important will be the language accompanying the...

Kay Van-Petersen

The Macro Take: Ten days to Fed lift off but the market must hold

The Fed doves can coo all they want, but the trend is 221,000 on NFPs This is trend over past three months, with jobless down to 5.1% (best in 7...

Kay Van-Petersen