After a hot finish to last week, we were all curious to see how the Comex PMs would trade today. Could they hold and extend last week's gains or would the get smashed backward? Had we known that the POSX would rally another 50¢ today, the concern would have been for that smash. However, both digital PMs were able to hang in there and finish in the green.
For today, a recap of the plunge in bonds and rally in POSX. How is it that these tow are correlated? More importantly, how is it that the Comex PMs were able to navigate such a troubling day for the algos?
All of this...
