U.S. 10-Year and Dollar in the Fed-Driven Market

The transcript discusses the dynamics of the FX market, focusing on dollar long positions and their perceived size. It explores interest rates, particularly the 10-year rate, and how strategists are responding. The role of the Fed is examined, especially its influence on market expectations and past actions. The discussion includes the Fed's dots and economic projections, highlighting changes in market confidence. Finally, the transcript addresses market reactions to economic factors, including tax cuts, and their impact on earnings and the equity market.

In what ways does the speaker indicate that market confidence in the Fed's outlook has changed over the past year?

What factors does the speaker believe could impact the equity market despite higher rates?