2.6 C
New York
Saturday, January 28, 2023

Subscribe

Bonds, Stocks, & Bullion Soar On Weaker Wage Growth

Forget the good news in the jobs report – record unemployment and underemployment rates – let’s focus on the weakness in wage growth (all thank to revisions)…

And that ‘bad’ news is just what stocks wanted…

Bond yields plunged led by the short-end…

Gold also spiked, back above $1850…

And the dollar was dumped…

And most importantly, Fed rate trajectory expectations shifted dovishly lower (lower terminal rate and more rate-cuts)…

These easing financial conditions are not what The Fed wants to see.

This post was originally published on this site

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

159,331FansLike
407,420FollowersFollow
2,150SubscribersSubscribe

Latest Articles

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