Another day where your podcast is recorded and posted later than usual due to string price action on the afternoon Globex. Which, don't get me wrong, is just fine with me!
It was a very volatile day but, once again, both CDG and CDS sprang back from their lows and then continued to gain all through the afternoon. Does this set us up for another string night in Shanghai and London? We'll see.
Tomorrow will be all about the CPI so we begin our chart and image discussion with the latest guesses from some of those 7-figure Wall Street economists....