Bad news is the best news this morning. A higher unemployment rate and worse than expected job creation is the new mother’s milk for stocks which kneejerked instantly to new record highs. Bond yields are tumbling and gold is surging (back over $1300) as ‘investors’ believe this will signal an un-taper (because QE did so much good for so long) or lower-for-longer chatter (so more buybacks?). The USD is fading fast also.
The USD is fading fast also…
AUDJPY in charge of stocks for now but notably USDJPY is not happy at all…
Charts: Bloomberg
via Zero Hedge http://ift.tt/1q5zGjW Tyler Durden