Great news - unemployment rate is tumbling (stocks rally and bond yields rip higher). Bad news - unemployment rate is tumbling (for all sorts of technical reasons that are entirely fallacious and do not reflect reality at all - stocks dump)... Bonds - after 2 days of aggressive short-squeeze covering - are bouncing higher in yield and stocks not holding any bid (with gold down) as better-than-expected data headlines suggest the punchbowl is steadily disappearing over the horizon. The USD is surging with USDJPY pumped up to 103 (but stocks not holding it for now) Perhaps bonds will recover once they sniff below the surface...
[6]
USDJPY blew through stops at 103 and is fading back now...
[7]
Stocks and bonds have a long way to play catch-down...
[8]
Charts: Bloomberg