Zero Hedge
0
All posts from Zero Hedge
Zero Hedge in Zero Hedge,

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