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Historic Win-Streak Ends Abruptly As Strong Jobs Report Sparks Market Stampede

Tyler Durden's Photo
by Tyler Durden
Authored...

Tl;dr: It appears 'good' news (strong jobs) is bad news for momentum and stock markets as rate-hike odds (and TSY yields) soared, bringing the dollar higher and crushing precious metals and crypto. Oil traded down (despite claims of shots fired and no progress in talks).

Oil