Basically in line with expectations, the post date was incorrect; it should be December 16, 2025. Besides economic data, we experienced a less hawkish "hawkish rate cut" early this morning; next, let's see if the "dovish rate hike" by the small days will be very dovish. The good news is that after the longest U.S. government shutdown in history, we have finally returned to the fear dominated by macro data and events.

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