Global capital markets are a mess following this morning’s hotter than expected rise in US employment.
Nasdaq is down 2%…
Yields are spiking dramatically…
The dollar is rampaging higher…
And Gold (and bitcoin) are getting clubbed like a baby seal…
All of which prompted President Trump to exclaim that “stocks should go up, not down” on the back of a strong jobs report:
It appears the President has not been watching for the last couple of decades as The Fed has become a mainstay and ‘good’ news removes their pillar of support…
…meaning ‘bad’ news for stocks.
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