The Market's Schizophrenic Reaction To Payrolls

The markets cannot make up their mind what to make of the Payrolls data this morning. Gold (and Silver) spiked and are holding gains; Treasury yields plunged and are trading lower in yield on the week now; EURUSD spiked then faded rapidly (not helped by Italian banking fraud); and stocks surged and are (for now) holding gains through the US it awaits UMich confidence...



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