It was just another day in the BizarroWorld of 21st century finance as the latest CPI numbers seemed to confuse just about everyone, including the HFT machines.
Again, the latest US CPI came in below expectations for the first time since October of last year. This sent bonds soaring (with rates falling) and this led to a nice bid in CDG, which is finally back above $1800 and its 50-day MA. But the POSX bounced and this impacted and blunted the rally in CDS and the shares.
All in all, just another day in the barrel.
For today, these two links: