Bonds & Bullion Soar As Plunge-Protection-Team Rescues Stocks From Painful Payrolls Puke

Who could have seen that coming?

Worst jobs print in 6 years and tumbling PMI, ISM, and Factory Orders - Did The Fed just lose it completely?

Rate Hike odds plunged... even as stocks ripped back

 

But Bonds and Bullion were the biggest post-payrolls winners...

 

VIX was crushed once again in just utter idiocy off the lows to get S&P back to 2,100... notice a pattern there?

 

On the day, The Dow got closest to getting back to unchanged

 

On the week, Dow Industrials and Transports both ended lower on the week, S&P and Nasdaq scraped to unchanged, as Small Caps outperformed...

 

Here are futures for the week - just for shits and giggles...notice a pattern?

 

Financials limped lower...

 

Once again bonds and stocks decoupled after stocks crashed to catch down...

 

But that's nothing new...

 

As did FX carry...

 

In bond-land, things were crazy.

On the week, yields collapsed and the curve flattened to new cycle lows...

 

Bund yields crashed to an all-time-record low close...

 

2Y yields fell the most since 2009 today (slightly outpacing September 2015's Fed fold plunge)...

 

FX markets were relatively well behaved all weeek (aside from JPY) until today when the US Dollar index plunged after payrolls... Today was the biggest drop in the USDollar Index in 7 months! And this week was the 2nd biggest drop in USDJPY since Lehman

 

Despite the USD weakness, crude ended the week lower as PMs soared today...

 

Gold and Silver surged back to 2 week highs...

 

Oil extended its losses overnight after the weak jobs data then plunged on the rig count rise, but the panic bid into NYMEX close was perfect momentum ignition for stocks...first down week for oil in a month

 

Charts: Bloomberg