Strategic ambiguity is back. Forward guidance and the easing bias are gone. The rate path is uncommitted.
Soft +0.2% core print plus a 5% Brent drop pushed the index to its threshold. Still at 75% exposure.
$74B pulled from other risk assets.
Bonds say hike. Stocks say relax. We're stuck.
PMI hit 54.5% on AI CapEx demand while employment contracted for the third straight month.
