It was a cruel, counter-intuitive squeeze in markets in the immediate aftermath of the Fed decision. It was something of a 'sell the fact' trade but Asian markets had a look at the state of play and decided that sometimes a cut is just a cut, not a sign of panic.As I wrote late yesterday: "I think at the end of the day, you have a 'Fed put' now and that wins out".The speed and power of the turn surprised me as I feared some follow-thru from the bears that hasn't been the case. The 'don't fight the Fed' trade now is headline from Powell's press conference and something that he repeated several times."We're committed to preserving our economy's strength"That syncs with what he said at Jackson
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