Today we look at the FOMC who have delivered a taper without a tantrum. The central banks have done a good job this week diffusing a bond yield blip and announcing the taper, the timing of which most strategists have spent the last year speculating about. It’s done. DMP dropped 17% this morning after the AGM yesterday. Or is there something else going on? Z1P makes us cringe despite a dazzling AGM presentation. Bank dividends coming up. AMP a risk ahead of an investor day. US markets at record highs but overbought. VUL might be bottoming for traders. ECX saw some big broker upgrades and buy recommendations.
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