The Australian equity market shrugged off disappointing GDP figures today, with the S&P/ASX 200 climbing 0.5% to settle at 8,619.20.

What's interesting here? The disconnect. Economic growth numbers came in below expectations, yet investors kept buying. This split tells us something about market psychology right now—traders are either pricing in future stimulus measures, or they're betting the central bank will hold off on further rate hikes given the sluggish growth.

The rally was broad but not spectacular. No single sector dominated, which suggests cautious optimism rather than euphoria. Energy and materials posted modest gains, while financials remained relatively flat. Tech stocks showed some resilience despite the macro headwinds.

For those watching crypto correlations with risk assets, this kind of move—equities rising despite weak fundamentals—often precedes increased appetite for alternative investments. Not a guarantee, but a pattern worth monitoring as liquidity conditions shift.