Is the RBA Really the New Pivot?

I think right now the people are looking so hard for anything that might come from the Fed in terms of rhetoric. So you have this massive options market now, right? That is the flea on the tail of the dog that's actually moving the underlying. As long as you can follow the quants and the CTAs, you know, macro still matters. I think the market big picture is all about a higher yield of regime, a rate regime and yield curve inversion,. recession risk and slowing growth.