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Good News Is Terrible News: Dollar Surges As Bonds, Stocks, Commodities Purge After Payrolls Print

"Everything is awesome." The Fed got just what it wanted... surge in jobs and a surge in wages - which has sent December rate hike odds from 56% to 74%.


A big surge from before...


This appears to be a problem for everything else.


The dollar has soared (EURUSD almost a 1.06 handle), Bond yields have exploded (though the long-end is notably outperforming), stock prices plunged, and commodities across the board are getting hammered.



Charts: Bloomberg