Market Insights 市场洞见 Ruminations - Macro, Micro, Markets -宏观、微观与市场 沉思录- FICC and Equities | 30 July 2025 | 6:29AM 破裂 | 4分门 固定收益、货币及大宗商品与股爵12025年 7 月 30 日 | 北京时间 14:29 All time highs...everywhere 全球市场屡创新高... And yet...beneath the surface strange things are happening. 然而...表象之下暗流涌动 If we start with the micro. We've seen a period of US bounce back with ṭṭ၆၉ દેત્રીwinds of trade deal announcements, pressure on fed to cut, earnings beats and MAQ冈 Homentum driven by all things Ai and Ai capex. The rest of the wor ...