Well, for now, good news is bad news as a stronger than expected payrolls print has reduced the odds of a July rate-cut, sending the dollar higher and stocks, bonds, and gold lower...
The odds of a 50bps cut in July have plunged from 27% to 11%...
10Y is almost back at 2.00%...
Stocks are sinking...
The Dollar is spiking...MOREAnd earlier:
June Payrolls Soar By 224K, Sending Rate Cut Odds Tumbling Despite Cooling Wage Growth
