Stocks In Chaos As Piss-Poor-Payrolls Sends Dollar & Bond Yields LowerZeroHedge News

Stocks In Chaos As Piss-Poor-Payrolls Sends Dollar & Bond Yields Lower

A much worse than expected print for non-farm payrolls has prompted chaos in equity algos but a clear signal from the bond and FX markets.

The dollar dived (taper if off/delayed)…

Source: Bloomberg

Bond yields tumbled (recovery is stalling)…

Source: Bloomberg

But stocks just can’t decide – is crappy news good news? Tech-heavy Nasdaq is kneejerking higher (rates down) but the rest of the indices are very uncertain…

Remember though – 9 of 11 times, the S&P has ended higher today,

Tyler Durden
Fri, 10/08/2021 – 08:45Read More

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