I recently remarked how this time of year is when we see the tidal cycles become more effective and those periods coincide with the oft-seen increased nervousness that marks Autumn trading. It's happening again! Today's turn around shows the tides tracking nicely!
If I'm the FED and want a soft(ish) landing. I play good cop, bad cop.
The bad cop crushes prices, and then the good cop follows and crushes volatility.