Fed's gone full hawkish pivot. 40bp of rate hike expectations priced into the curve just this past week.
The tourist trade (retail longs who chased rallies) is scrambling back to shore. Classic regime shift — dovish dream dead, reality check incoming.
Markets repricing fast. If you were long duration or risk assets on "Fed pause" hopium, you're feeling it now. This is what happens when consensus flips hard.
The tourist trade (retail longs who chased rallies) is scrambling back to shore. Classic regime shift — dovish dream dead, reality check incoming.
Markets repricing fast. If you were long duration or risk assets on "Fed pause" hopium, you're feeling it now. This is what happens when consensus flips hard.
