Great news – unemployment rate is tumbling (stocks rally and bond yields rip higher). Bad news – unemployment rate is tumbling (for all sorts of technical reasons that are entirely fallacious and do not reflect reality at all – stocks dump)… Bonds – after 2 days of aggressive short-squeeze covering – are bouncing higher in yield and stocks not holding any bid (with gold down) as better-than-expected data headlines suggest the punchbowl is steadily disappearing over the horizon. Perhaps bonds will recover once they sniff below the surface…
via Zero Hedge http://ift.tt/1rM8O7A Tyler Durden