Gold Soars As Massive Jobs Miss Unleashes Chaos In Markets

The worst jobs data since September 2010 has thrown ice cold water on The Fed's decision-making process and thrown a spanner in the market's narrative that everything is awesome. June rate hike odds crashed to 2% and July rate-hike odds plunged from 48% to 36%. The reaction to this sudden revelation of reality is striking as stocks plunge, gold soars, the US Dollar dumps and bond yields spike lower...

Rate hike odds have plunged...

And the reaction is ugly...

 

As Gold Soars most in 3 months...

 

Charts: Bloomberg