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Friday, March 29, 2024

Bonds & Bullion Jump As Stocks Dump After Post-Payrolls-Pump

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Nothing to see here…

While the headlines will be about stocks double-down-days, the most notable moves were in gold, bonds, and USDJPY – Is bad news bad news again?

Notably, since the September FOMC meeting “disappointment” there is a clear winner (and clear loser)…

Of course WMT’s carnage was the biggest news…

Which weighed heavily on the major indices (though obviously not Trannies)..

Leaving everything red for the week…

A close-up on WMT shows just how insane the move was and the massive volume…

Treasury yields tumbled the most in a month (10Y  back below 2.00%)…

Interestingly 5s30s curve steepened to 12-month highs…

FX markets saw major turmoil as The USD Index death cross contoinues to weigh (with USDJPY tumbling)…

Commodities rose on the USD weakness (aside from crude which – aside from some opening shenangigans – was deadstick)…

As Gold broke to 4 month highs, breaking green YTD and above the 200DMA – this is the 8th up day in the last 9…

Charts: Bloomberg

Bonus Chart: Peak Farce?

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