“Good” Jobs News Sparks Selling In Stocks, Bonds, Gold; Dollar Spikes

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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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