Dismal Jobs Reports Sends S&P To New All-Time High

The 3rd miss in a row for private payrolls was enough to spark an engorgement of all things Federal-Reserve-liquidity related. Gold is jumping, Bond yields are tumbling, the USD is crumbling, and the S&P 500 is soaring to new all-time highs... sure, why not...

 

 

 

But but but the unemployment rate is at 5 year lows.... oh, we forgot, its irrelevant now that its "improving"... just as we always said it was when it was held up by any and all as 'proof' of the recovery