And before we leave, is noone else somewhat worried about what exactly it is that The Fed is panicking about that prompts them to jawbone the odds of a 50bps rate cut this aggressively with stocks at record highs?

Fudged data. They should know. They're the ones who fudged it. 


What's price discovery?
https://www.zerohedge.com/news/2019-07-18/stocks-bonds-dollar-slump-bitcoin-bullion-jump