Over the past two weeks, rates have declined dramatically purportedly due to fears of a recession. Friday’s move was particularly stunning for the scale of the move and for the degree of intraday volatility. I put forth here a theory of what is going on:
@BillAckman I’ve been a fan of Pershing Square but don’t you think it’s a bit unethical how you’re trying to influence the fed that it’s time to raise rates at the same time you have swaps on IG bonds? You did the same thing on CNBC weeks before the Covid crash
DTTG GLOBAL MEMO - I know what the Suits are doing. I expect days like today. They want to scare us. They have been predicting this day everyday for 3 months straight. They want to scare you so you sell and then they can buy low. Don’t fall for it. #stocksonlygoup