Most investors treat policy shifts like a binary moment — one day the Fed hikes, the next it cuts, and everything in between is noise. But the actual cycle is far more nuanced. Markets don't wait for official action. They respond in phases.

We're in one of those phases now. The panic is playing out. Volatility is elevated. Capital is fleeing risk. The system is still digesting macro pressure. But what comes next is the part that catches most people off guard — not the breakdown, but the reversal.

This is a two-phase market setup. And it’s playing out with precision.