A single policy nomination shattered a crowded macro narrative and triggered a violent global deleveraging wave. This analysis explains what really broke, why fundamentals remained intact, and how investors should think about opportunities created by forced selling rather than fear.

The European Central Bank maintained rates at 2% while the US Federal Reserve cut by 25 bps, marking a growing policy divergence. With Eurozone inflation near target and resilient US growth, investors face an increasingly selective phase in global monetary policy.