In yesterday's podcast, we discussed the idea that global turmoil would lead to a continued surge in bond prices which, in turn, would drive another breakout in CDG and CDS. Up until about 6:00 am EDT, it looked like we were well on our way.
Unfortunately, the global bond market then began to stabilize and turn. This was followed by the US CPI numbers, which were slightly "hotter" than expected. And so what do you suppose happened next? The Banks took it as an opportunity to capitalize and perhaps paint their first reversal day on the charts. Will They be successful? There's A...
