Stocks, Bonds, & Bullion Dump As Rate-Cut Hopes Plunge Post-Payrolls

A hotter than expected payrolls print and re-acceleration in wage growth are not the recipe for a dovish Fed that so many had banked on in the  last two months of 2023.

And so , the rate-cut hype is eviscerated.

March odds plunged…

And 2024 expectations are tanking…

Stocks tumbled…

Bond yields spiked…

And gold dropped (as the dollar rallied)…

Did goldilocks just die?