Well, for now, good news is bad news as a stronger than expected payrolls print has reduced the odds of a July rate-cut, sending the dollar higher and stocks, bonds, and gold lower…
The odds of a 50bps cut in July have plunged from 27% to 11%…
10Y is back above 2.00%…
Stocks are sinking…
The Dollar is spiking…
And gold is dumped…
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