Don't know about expecting an imminent rebound based on this. See similar red lineto turning point at end of April and end of July. at end of April I stayed pretty static before continuing a further decent. In August even worse, it continued its descent for at least another 3 weeks.
Italy is no rearing its ugly head as I fully expected (Greek economy is small fry compared to Italy where the real fear was). This, with the imminent CR selling pressure, means some hard yakka ahead over the next couple of weeks. I can't see anything but a strong announcement or two helping our cause atm.
All short-term talk of course :-)
Don't know about expecting an imminent rebound based on this....
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