Days Lock Horns – Its Monday vs Tuesday once again, for the 3rd week in a row a rough/brutal Monday has led to a turnaround the next day. And while rounds 1 and 2 have easily favored the first day of the week, round 3 goes to TT by a big margin; although to be fair Tuesday has a lot more ground to make up. The worst of the distressed unwinding could be over a truly relenting USD would not only loosen market logistics but sentiment as well. On the bright side, at least relative to yesterday’s move lower, volumes are elevated on this ‘snapback’, but there’s been so much chatter about it happening it almost became self-fulfilling.
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