Stocks, Bonds, & Bullion Dump As Rate-Cut Hopes Plunge Post-Payrolls Tyler Durden
Fri, 01/05/2024 - 08:49
A hotter than expected payrolls print and re-acceleration in wage growth are not the recipe for a dovish Fed that so many had banked on in the last two months of 2023.
And so , the rate-cut hype is eviscerated.
March odds plunged...
And 2024 expectations are tanking...
Stocks tumbled...
Bond yields spiked...
And gold dropped (as the dollar rallied)...
Did goldilocks just die?
A hotter than expected payrolls print and re-acceleration in wage growth are not the recipe for a dovish Fed that so many had banked on in the last two months of 2023.
And so , the rate-cut hype is eviscerated.
March odds plunged…
And 2024 expectations are tanking…
Stocks tumbled…
Bond yields spiked…
And gold dropped (as the dollar rallied)…
Did goldilocks just die?
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