Hacker News new | ask | show | jobs
by sakopov 1 day ago
Equally interesting to me is how Citadel made up a rumor about the FED raising rates at this weeks FOMC meeting causing a historic selloff in AI stocks which then allowed them to pick up Situational Awareness on the cheap.
2 comments

To be honest, if that's even true, they've done us all a service. Leverage is the biggest driver of investing bubbles and bubbles hurt all investors (401ks) and even the economy in the sense that they create huge capital dislocations. Like the fact that all software engineers are being forced to work on something marketable as AI.
Any source on this? Market data was already implying a hike by year end and the Fed held steady so not sure what the takeaway is here