Stocks opened to the downside but trended higher throughout the day, the Dow Jones Industrial Average peaking into positive territory in the early afternoon, as investors prepare for Thursday morning’s release of Consumer Price Index data for September. The up-and-down action surely reflects confusion: Market internals and sentiment data are actually bullish, but policymakers are raising the degree of difficulty. “In normal times,” writes Geo Chen in his most recent Substack post, “trading global macro is like playing 5-dimensional chess, which is hard enough. Today, with the added variables of geopolitics and central bankers on a mission, we are playing 10-dimensional chess.” Geo, the editor of Fidenza Macro, joins Maggie Lake to talk about what markets are telling us. We also hear from George Whitehead about what might make the Federal Reserve lift its foot from the monetary tightening brake. Watch the full conversation featuring George Whitehead and Larry McDonald here: https://www.realvision.com/shows/make-or-break-geopolitics/videos/london-calling-what-will-break-next-vxN2?tab=details. And we want to hear from you too – please share your questions in the comments! Editor’s Note: Our live chat feature will be unavailable for four to six weeks as we upgrade our video player technology. We apologize for the temporary loss of function. But we assure you the upgrade will more than justify the wait. In the meantime, we will be monitoring the comments section. So, in addition to conversing with your fellow community members, please share your questions there.