Marc Cohodes, a well-known market short seller, tweeted Tuesday that “The Cut”—the Fed’s 50-basis-point rate cut— “was front run”—meaning that some people seemed to be trading with advanced knowledge that it was coming—“late Friday and all day yesterday.” A longtime CME trader wondered who might have known in advance about Powell’s surprise Friday afternoon statement when the market was down 1,000 points. “Who told Powell to make a positive spin today[?]” he wrote me. “Did Powell just come up with idea when market was down 1000 points?… If someone knew that late in the day [about] a positive announcement, that person or group would buy when others were selling…. If you KNEW that POWELL was going to announce something positive and you wanted him to tell the world late in the day, then wouldn’t you start buying earlier in the day? Of course.”
— Read on www.vanityfair.com/news/2020/03/some-traders-suspect-fed-rate-tip-off