Worst Wage Growth In History Sparks Bond & Stock Buying Frenzy, Rate Hike Expectations Crater

Bad news is great news again... Stock are surging (and bond yields tumbling) following the worst wage growth in history this morning. The US Dollar is getting hammered and the Fed Funds Futures (price) curve is surging (as rate hike hopes are priced out).

 

 

and The US Dollar is getting hammered...

 

and the Fed Funds curve surges...

 

Charts: Bloomberg