Welcome to NOT Wednesday NOT 9 NOT October NOT 2019, the Asian morning after the US Federal Reserve started an expansion of its balance sheet that is NOT-QE4.
Massive amounts of monetary stimulus have warped markets and created a dangerous mindset for those with a short time perspective... befriend a 60-year old bond trader, and let them explain what a bear market is.
The Fed "will struggle to convince markets that a resumption of Treasury purchases to avoid future money-market turmoil is not another round of quantitative easing"