The markets are telling the Fed that "talk is cheap."
But, the large banks "own" the Fed and the banks are telling us to sell everything (the banks have tons of liquidity with the Fed).
Those who have bought "protection" at the corporate level will not be paid this time. Counter party risk.
If the largest banks are telling us to get out, I think it's just a ruse to deflect blame. a psy-op.
So, I am at a loss to explain the market action we are seeing. It's a suicide.......The end of the Fed.
Still, it's a long time between now and Monday morning........ ain't it?
:-)