'Good News Is Bad News': Big Jobs Beats Sends Rate-HIKE Odds Soaring; Here's What Wall Street Thinks...

A four standard deviation beat for non-farm payrolls this morning (full details here) (good news) is triggering ugly reactions (bad news) across markets with rate-hike odds for September ripping back up near recent highs (despite no signs of inflationary wage growth - in fact it is slowing)...