Today we look at the market thumbing its nose at the ECB meeting and front-running eventual rate hike guidance despite Lagarde’s protests, the loud silence from the RBA as the market challenges its yield curve control policy, weak results from Apple and especially Amazon, Facebooking going Meta, the latest on energy and now food prices becoming a concern and a preview of a massive week ahead for the US dollar and US macro risks, with all of the usual first-week-of-the-month data plus an FOMC meeting. Today’s pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.