After the fun we had last week leading up to the BLSBS, this week has been the opposite with nothing but red candles and frustration. But, hey, at least it's Friday.
And that's about the only thing we have going for us today. The POSX is soaring back from the downward reversal it put on yesterday and this rally is causing the HFT algos to dump, dump, dump their CDG and CDS, while at the same time getting short again, too.
Notice that in the past hour, the POSX has rallied and rates have spiked, too:...
