Periods like this are certainly challenging and difficult. The buying interest in CDG has dried up for now and price just drifts lower while the smash of last week has temporarily destroyed sentiment in CDS. What are we to do besides wait it out?
The data doesn't much matter, either. Today saw the latest retail sales and industrial production figures. The former was worse than expected yet the latter was a little better. The result. Just that same old drift lower.
