Something Unusual

Yesterday seemed like the regular old Spec dump that we've seen so many times over the years. The POSX rallies and everyone dumps their futures contracts. And certainly there was some of that. But something far more interesting actually occurred...something that very likely sets the stage for the next sharp rally and short squeeze.

So, anyway, welcome to the day after. Tuesday was a real dud and today brings the second visit by Jerry to Capitol Hill. Will he be slightly less hawkish than yesterday? Could this help to stabilize the prices of CDG and CDS? And don't forget about the...

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Key Economic Events Week of 3/20

3/21 10:00 ET Existing Home Sales
3/22 2:00 ET FOMC Fedlines
3/22 2:30 ET Jerry presser
3/23 8:30 ET Jobless Claims
3/23 10:00 ET New Home Sales
3/24 8:30 ET Durable Goods
3/24 9:30 ET Goon Bullard, of course
3/24 9:45 ET S&P Flash PMIs March

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by argentus maximus, Mar 18, 2023 - 2:34pm
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by argentus maximus, Mar 17, 2023 - 9:41am