zerohedge.com 04 Jun, 2021 13:30 am

Dollar Dumps On Disappointing Jobs Data, Bonds & Stocks Bid

Dollar Dumps On Disappointing Jobs Data, Bonds & Stocks Bid
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Source: Bloomberg Bond yields spiked lower, recovered, and are now falling once again.Source: Bloomberg It seems bad news is good news as Powell and his pals have more excuses to stay on the sidelines (while inflation rips).But the big move is in the dollar, which is rapidly erasing yesterday's biggest jump in 9 months.As Bloomberg's Chris Antsey notes, the Fed’s leadership "is likely to see this report as a modest improvement but not near the “substantial further progress” on employment required to taper its bond-buying program.

While inflation is now topping the central bank’s 2% goal, jobs remain not really close to the goal.US equity markets pumped, dumped, and re-pumped after the disappointing payrolls print this morning.

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