Nothing to see here, move along…
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But but but the “great” jobs data… The dead-cat-bounce is over…
Trannies had a tough day…
But US equities are holding on to some of the gains from Friday’s exuberance…
Notably there was significant selling at VWAP (suggesting institutional derisking)…
Treasuries traded in a worryingly narrow illiquid range today ending very modesly lower in yield…
The US Dollar Index ended the day unchanged after weakening from overnight strength after the dismal slew of US data today…
Despite the “deadness” of the FX and bond markets, commodities had a volatile day with crude gettin smashed to one-month lows…
Finally, as a gentle reminder…
Charts: Bloomberg
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