
‘Feel The Market’.
From a kind of anecdotal perspective, it "feels" like US equities should have sold off sharply on Wednesday ("Feel the market! Good luck!").
Global growth jitters - the proximate cause of recent market angst and the driver of the mammoth DM bond rally - were palpable. The RBNZ leaned dovish, tipping the next move on rates would likely be a cut. Obviously, they couldn't just stand by as their global counterparts pivoted.
"The global economy has slowed and dovish remarks by other central bankers