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Stocks Give Up "Good News" Gains As Grexit & Crude Trump Jobs

As the jobs' "good news" sinks in and the realization that this is "bad news" for free-money-a-holics hits, US equity markets have stumbled off the exuberant knee-jerk highs and given up the jobs bounce (for now)... as they are reminded that GREXIT is a real risk and oil's price collapse has yet to play out in the real economy...

 

The initial bounce faded quickly but the US open ripped stocks higher to Europe's close... and then...

 

Oil is still higher post-payrolls with gold and silver lagging...