Bonds, Bitcoin, & Bullion Bid As FedSpeak Sparks Dovish Jump In Rate-Cut Hopes

Lots of macro this morning with a very mixed picture:

• Headline retail sales disappointed (Core/Control was hot)

• Jobless claims (unadjusted) soared to three year highs

• Philly Fed Manufacturing literally exploded higher in January (post-Trump) with the biggest MoM jump excluding the COVID lockdown rebound and the second higher overall level in 40 years...