S&P 500 & Equities·Bloomberg Markets· 1h ago

Position Wash-Outs in Few Manic Minutes Spurred Fed Hike Pricing

The Big Market Report Take

Aggressive price action early Thursday across the cash and futures markets covering US rates, and the subsequent bounce-back across many assets showed footprints of position flush-outs — exacerbating the price action over a manic few minutes around 8:30am New York time.

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