​Big-Tech, Bond Yields, Bitcoin, & Bullion Bounce But Rate-Cut Hopes Fade – Tyler Durden

Big-Tech, Bond Yields, Bitcoin, & Bullion Bounce But Rate-Cut Hopes Fade A de minimus improvement in (the incredibly noisy) initial jobless claims was all it took to enable the machines to run stocks higher, bond yields followed suit (higher) along with another ugly auctions (30Y). Crude, bitcoin, and gold also rallied (despite the dollar being basically flat). For some context on the size of the labor market ‘surprise’ in today’s claims data… here is the macro surprise index… Source: Bloomberg Before we get into the color, of particular note is the fact that rate-cut expectations have now retraced all of…  — Continue at ZeroHedge News : Read More