Oh, boy. This is going to be some kind of week. So you know what that means!
As the week begins, interest rates are down a little and the POSX is down a little, too. However, neither CDG nor CDS is up. Let’s hope that’s just a lagging carryover from the nice rallies back on Friday and not a sign of what’s to come as the week progresses.
And what does the week have in store for us? All sorts of US jobs data as well as TWO appearances by Jerry on Capitol Hill in his semi-annual Humphrey-Hawkins “testimony”….