Explain to me like I’m 5 or a golden retriever how Citadel’s rate hike call 1 day before the Fed meeting, market had a 38% prob of a hike, impacted Situational Awareness positioning.
What changed
It barely moved Treasury yields.
Those making this insinuation hurt their own credibility. — via @biancoresearch
Why it matters
Citadel hike call with 38% probability barely moved yields, driving high alert.