I'd say that all economics at a national level is about confidence. If the markets have confidence in what you're doing they don't react badly, if they don't have confidence in what you're doing, they react badly.
By not laying the ground properly for their "mini-budget" they (Truss and Kwarteng) caused the markets to lose confidence in them, causing the problems that occurred.
It doesn't really matter what most people thought of it, as they don't run the financial markets :)
I think you are quite accurate in everything you say.
I worked on an FX LP desk for nearly a decade. A happy place to be in times of turmoil. The more turmoil, the wider the spread, the more money we made. The mini gilt crisis made millions for my mates in fixed income. Confidence collapse is brilliant when you know others don't understand the markets. You sense the fantasy
By not laying the ground properly for their "mini-budget" they (Truss and Kwarteng) caused the markets to lose confidence in them, causing the problems that occurred.
It doesn't really matter what most people thought of it, as they don't run the financial markets :)