Back to the Drawing Board
March 27, 2009 at 15:10 PM EDT
What a rubbish week. Markets have been dominated more by positioning than so-called fundamentals, Macro Man’s carefully-constructed has seen its correlation structure go awry, and he’s bled away the accumulated work of the previous three weeks. So he’s understandably lacking in inspiration. Look at Treasuries, for example. As Macro Man observed a couple of days ago, if you [...]