2s10s Inverts, Stocks Sink After Unemployment Rate Tumbles, Earnings Jump

Despite a disappointing increase in payrolls, the drop in the unemployment rate coupled with the rise in average earnings (inflationary) has prompted stocks to trim gains ahead of the open…

And sent the yield curve (2s10s) into inversion (-2bps)…

Rate-hikes odds are rising as are rate-cut odds after that…

50bps hike incoming!!