Central Bank Decisions, US GDP and Big Tech Earnings Headline Wednesday

Three central bank decisions landing within hours of each other, plus megacap tech earnings, turns a routine midweek into a concentrated repricing event for rate-sensitive and growth assets alike. The clustering matters because it compresses the market's ability to digest each signal separately — guidance from the RBNZ and BoC will be read as context for the Fed rather than on its own merits. Crypto and RWA markets, which trade continuously through these releases, carry the overnight gap risk. Whether the Fed statement and the Alphabet and Microsoft results reinforce or contradict each other is the open question.