Thanks to pipsquanderer for reminding us that the Kansas City Fed’s annual central banker’s summer camp at Jackson Hole kicks off today. Wonks from around the globe will make their annual pilgramage. Exit strategies will no-doubt be a prime topic….
The S&P 500 is adding to gains this morning, now up nearly 1%. Risk trades are modestly underpinned as a result, with EUR/JPY firmer 134.23.