Bill Ackman is literally moving bond markets:

On October 23rd, Ackman posted that he had covered bond shorts that he took in August 2023.
This marked the EXACT PEAK in the 10-year note yield, at 5.00%.
Yesterday, Ackman placed a bet that the Fed would cut rates in Q1 2024.
This is well ahead of market expectations which show rate cuts beginning in June 2024.
Today, the 10-year note yield hit a 2-month low and is now down 70 basis points since Ackman covered his bond shorts.
Is this setting up to be one of the best bond trades of all time?