Today was one of those days of "much ado about nothing". All sorts of noise about CRE and regional banks and wars but very little change in our markets.
Of course, the one "market" that is moving is the stonk market as the S&P hit an intraday high of 4,999.71. Get your barfbags ready for the celebrations and hoopla that will be coming tomorrow when it exceeds that 5000 point milestone.
For us, though, a mostly quiet day in bonds and POSX, leading to CDG being UNCH. The sole bright spot? Even more Specs sucked into the short side of CDS, which will only make the next...
