A 2-second take on #FOMC minutes: the Fed is worried about lags. It wants to back off in case it radically overtightens.Looks like markets are seeing an opening to take on risk here and running at it. $S&P 500(.SPX)$  $NASDAQ(.IXIC)$

Turmoil in crypto land. It's as if there needs to be some kind of institution to protect the market from bank runs and maintain financial stability. #Bitcoin #FTX$Bitcoin Group SE(BTGGF)$

Your morning market bite. US JOLTS report shows a resilient labour market. All eyes on the Fed!Stocks: Wall Street pulled back following some stronger than forecast US economic data. The S&P500 dropped 0.41%, while the NASDAQ shed 1%. Energy and financials were the leaders for the day, while lT, consumer discretionary and communication services lagged. SPI Futures are indicating a 5 point jump for the ASX200 this morning. $NASDAQ(.IXIC)$  $S&P 500(.SPX)$  $S&P/ASX 200(XJO.AU)$Rates/bonds: ISM Manufacturing PMl was slightly stronger than expected, while US JOLTS Job Openi

Your morning bite. Looking ahead to the RBA Info meeting.Stocks: Wall Street slipped with the S&P500 falling 0.75%. The index finished October 8% higher. Energy stocks ended higher but whipsawed on plans from the Biden administration to tax "windfall” profits. The sector was the only to finish higher for the session. Tech stocks underperformed with the NASDAQ down 1.2%. SPI Futures are pointing to a 10 point gamefor the ASX200 this morning. $S&P 500(.SPX)$  $NASDAQ(.IXIC)$  $S&P/ASX 200(XJO.AU)$Rates/bonds: Yields crept higher, with the Us 10 year up

Your morning bite. US stocks extend rally. Gilts surge on Sunak Prime Ministership.Stocks: Wall Street extended its recovery. The S&P500 rose 1.2% and the NASDAQ jumped 1.1% Health care and consumer staples led the charge. SPl Futures are pointing to a 28 point jumpfor the ASX200 this morning.Rates/bonds: US PMl data undershot expectations and pointed to a rapidly slowing US economy. PMls in Europe were also disappointing. Despite that, the Us 10 year yield edged higher, rising to 4.25%. Futures continue to point a terminal Fed Funds Rate of 5%. The 10year Gilt yield plunged 31 points after it was revealed Rishi Sunak would be the next UK prime minister.FX:The US Dollar Index rose 0.4%.The Pound and Euro was practically flat. But Japan'sefforts to sta

Your morning market wrap. Wild price action on Wall Street.Stocks: Wall Street staged a remarkable rebound after an initial sell-off following another hotter than expected us CPl print.The S&P500 rallied 2.6%, led be energy and financials. Tech also performed strongly and the NASDAQ gained 2.3%.SPI Futures are pointing to a110 point jump for the ASX200 at the open.Rates/bonds: US CPl came in higher than expected and 8.2% and core CPl rose to 6.6%-its highest level in 40 years. Yields pushed higher across the curve. The Us 10 year yield increased 6 points to 3.96% and the 10-2 spread fell to 51 basis points. Fed Fund Futures are fully pricing in a 75 point hike from the Fed in October and a peak in rates of 5% next year. Gilt markets also continue

Your morning market wrap. All eyes are on US CPI.Stocks: Another down day for Wall Street. The S&P 500 dropped 0.33% to dropp to newlows, while the NASDAQ was practically flat. FOMC minutes sparked a brief flurry. However,investors remain braced for tonight's US CPl data. SPlFutures are pointing to an18 pointdrop for the ASX200 this morning.Rates/bonds: lmplied volatility in the bond market pushed to new highs. Yields dropped marginally, with the US 10 year falling 5 points to 3.89%. FOMC minutes delivered the "higher for longer” message, however some members agreed it was important to eventually"calibrate the pace" of hikes to balance risks to economic activity. Rate expectations didn'tmaterially change, with market pricing suggesting a peak in the Fed Funds Rate of aro