Market not ready for taper talk at tonight's FOMC

Today's slide deck: https://bit.ly/2VdLY47   - Today's pod features Saxo CIO Steen Jakobsen as we run through the factors driving Chinese equities into their recent nosedive and the implications for EM trade allocations and the implications for Chinese policy from here. We also preview today's FOMC meeting and why the Fed may be ready for a far more dramatic pivot toward hinting at a tapering of asset purchases sooner rather than later, a development that is far outside of market consensus, which looks complacent in expecting no change from the Powell and company the meeting late today. Today's pod hosted by John J. Hardy. Intro and outro music by AShamaluevMusic