​Dovish Fed & Dismal Job-Revisions Send Bonds, Big-Tech, Bitcoin, & Bullion Higher – Tyler Durden

Dovish Fed & Dismal Job-Revisions Send Bonds, Big-Tech, Bitcoin, & Bullion Higher ‘Bad news’ – a record downward revision in payrolls – combined with a strongly ‘dovish’ bias to the FOMC Minutes sent rate-cut expectations soaring today… Source: Bloomberg …dominated by 2024 dovishness – dramatically more than The Fed’s single-cut expectation… Source: Bloomberg …and that sparked a buying-panic in bonds, bitcoin, stocks, and gold (but the dollar and crude tumbled). Stocks and bonds are (arguably) disagreeing… Source: Bloomberg Stocks initially surged on the BLS bad news and Dovish Fed, but some reality started to set in again that ‘growth scares’…  — Continue at ZeroHedge News : Read More