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

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

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

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)

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

And the dollar spiked (and initial kneejerking lower)…

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

Source: Bloomberg

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

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

Source: Bloomberg

And gold  erased yesterday’s PMI gains…

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

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

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

Source: Bloomberg


Tyler Durden

Fri, 10/04/2019 – 08:43

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