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“Excellent Jobs Numbers” Send Dollar, Bond Yields Higher; Stocks Shrug

Courtesy of ZeroHedge. View original post here.

It's official, President Trump sees today's payrolls data as "excellent"…

Excellent Jobs Numbers just released – and I have only just begun. Many job stifling regulations continue to fall. Movement back to USA!

— Donald J. Trump (@realDonaldTrump) August 4, 2017

But bond king Bill Gross is not expecting much of a reaction…

"It's a rather strong economic report, but I don't think it moves markets much," Bill Gross says https://t.co/X3f4TPOk45 pic.twitter.com/GbuTZnGPbw

— Bloomberg TV (@BloombergTV) August 4, 2017

And he is right in stocks, which popped and dropped on the data…

But bond yields and the dollar are moving notably higher…


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