Dismal Jobs Report Sends Stocks Reeling

UPDATE: Stocks have bounced on USDJPY’s jump back to 102 (as we warned) but Treasuries are not playing along

 

Bonds are surging and gold is well bid as the jobs report had little to offer the hopeful. The anti-goldilocks number slammed bonds with the 10Y Yield to unchanged on the week (down around 8bps on the kneejerk), gold is testing $1270 as JPY strength provides ammunition for derisking in the equity markets. S&P futures spiked 11 points higher on the release as algos went wild, then fell over 20 points from that high and are bouncing back modestly now. Of course, we are still 45 minutes from the US open so expect USDJPY to be levered back to 102 and lift stocks to make retail believe everything is fine…

 

 

and Spot The Difference…

 

Charts: Bloomberg


    



via Zero Hedge http://ift.tt/NeisDh Tyler Durden

Leave a Reply

Your email address will not be published. Required fields are marked *