Update: Maybe not so Goldilocks after all…
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Amid the low liquidity of a holiday week, US equity futures continue to kneejerk up and down (up in this case) after a so-called ‘Goldilocks’ jobs print that was just bad enough to leave The Fed on its slow path to normalization. Bond yields and the dollar are also sliding…
Quite wild ride for Dow futures in the last 12 hours…
Treasuries are bid with 10Y yields at 2.80% – the lowest since May…
And the dollar has dropped to its lowest since mid-June’s Fed/ECB spike…
via RSS https://ift.tt/2KTtN9U Tyler Durden