Markets are super smart and quick these days ...when they see 10Y rates of 4% in US they know what ahead ...they dont need to see actual news ...that will take time to come ....but market pretty sure it will come ahead ...
Yes agree they will end up overdoing it ...but thats how markets work ...they overdo on both sides ...
Knowing that waiting for $ 1.55 is not unreasonable ...whats your opinion ?