9.3 C
New York
Thursday, March 28, 2024

Stocks & Dollar Spike On Mixed Payrolls Data, Bonds Undecided, Gold Down

Courtesy of ZeroHedge View original post here.

Low unemployment (yay), slowing wage growth (boo), retail job losses continue (ugh)… sparked algos buying in stocks and the dollar and despite some vol in bonds, they are unchanged for now…

Futures ramped to overnight highs (beware the stop run and fade)

And the dollar spiked (and initial kneejerking lower)…

Source: Bloomberg

And while bond yields kneejerked higher, they quickly retraced to unch…

Source: Bloomberg

And gold  erased yesterday’s PMI gains…

Finally, we note the market shifting hawkishly, now pricing in 1.4 rate cuts by year-end…

Source: Bloomberg

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,452FansLike
396,312FollowersFollow
2,280SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x