But, but, but it was a great jobs report... (apart from record numbers not working and dream-dissolving earnings drops). The exuberant surge in stocks post-payrolls has left the building. The Dow is now down over 200 points from the post-payrolls peak as stocks are broadly -0.5% from payrolls print and losing over half of yesterday's Evans gains. Gold and bonds are rallying and crude is not rallying or stabilizing... and has broken back down to a $47 handle.
Dow down over 200 from post payrolls peak...
[4]
as all major indices tumble red on the day...
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and week...
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And bonds are all now rallying...
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And crude is slumping...
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Artist's Impression of the reaction...
Charts: Bloomberg
