- Bill Ackman says he covered his bond short
- Bill Gross says a US recession is coming in Q4: 'Higher for longer' is yesterday’s mantra
Ackman's message in particular arguably reverberated much more strongly as the bond market was bid and risk assets also recovered in tandem. But both tweets are playing to the same tune, so you sort of get the picture there. Anyway, it's some food for thought for broader markets at least. At the end of the day, the data will be the judge of everything with the Fed being the executioner.
