… on what according to Nomura’s Charlie McElligott is one clear catalyst – the same one we laid out in “Europe Unleashes Energy Hyperinflation Bailout Bazooka” – namely Europe’s “moment of intervention” from various euro governments with regard to the Euro Energy crisis via mega-stimulus, while a report from MNI citing “ECB sources” and stating that President Lagarde is “likely to opt for 50” bps hike only at the upcoming meeting, which is a de facto easing relative to recent expectations which have built for 75bps hike, certainly helping.