October’s Autumnal winds can be scary as any one old enough to remember the violent UK hurricanes in 1987 will attest. This analogy holds true in the financial markets; think back to “Black Monday” (also 1987), the Russian Default in 1998, and the Global Financial Crisis in 2008.
Ben Robson
This October marks the one-year anniversary of a horrendous attack in Israel. We also have an escalation of military repercussions by Israel in Lebanon and Yemen, and disturbing rhetoric about Russia’s military nuclear option by President Putin, who also celebrates his birthday on October 7th.
Markets have been bobbing along. The US Fed duly cut interest rates but the US hasn’t entirely solved its inflation problem. The Bank of England has applied the brakes, The Reserve Bank of Australia is staying resolute and the Bank of Japan is probably on the way to hiking again. And, we are just 6 weeks away from a US election!
This week will be an FX blockbuster as is customary for the…
