Well, that was quite a day. The economic data was terrible...as we've been predicting it would be. Powell was considered to be "dovish"...as we've been predicting he would be. And now, CDG and CDS are rallying...as we've been predicting they would be.
Look, if you took the time to read this year's macrocast, then you'll quickly realize that already the year 2023 is playing out in the manner we forecast a month ago. There will still be fits and starts and neither CDG nor CDS will move up in a straight line all year. However, Jerry will soon be faced with a choice of saving face or...
