Jolted: Bonds, Gold, & Crypto Soar After Labor Market Meltdown

Despite a tsunami of tears about rising rates and steepening curves in recent days - all pinned to panic by so-called investors over Fed independence and Trump's 'firing' of alleged mortgage cheat Lisa Cook - today saw labor market weakness spark a surge in rate-cut odds and a plunge in yields across all maturities with the curve flattening significantly.