All things considered, it wasn't a bad day. Yes, the algos took over and drive the PMs backward while the POSX rallied. But that rally ended up being a full half point and rates were higher, too, so when you consider that CDG was green and CDS was only off 1%, that's not a bad day at all.
Everything will get interesting again tomorrow with a full slate of Goons. And then Friday brings the latest PCE and income/spending data so you know that will make for a volatile morning, too. For today's podcast, let's take stock of where we are at mid-week and then begin to look ahead at...
