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Payrolls Reaction: Hope Crushed As Stocks Dump, Gold Jumps, & Bond Yields Break Critical Support
Friday, October 2, 2015 6:35
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“Inconceivable.” With the total destruction of the “faith” in The Fed's pr0mised “recovery,” stocks and bond yields are collapsing. A glance at the crash in fed reigional surveys should have given the market a hint (and credit did) but US equity markets are in free-fall and gold and silver are surging. Treasuries rallied hard on the bursting of the faith bubble with 10Y yields plunged back under 2.00% and 30Y yields broke below the 200-day moving average.
and bond yields are collapsing…
Charts: Bloomberg
Source: http://silveristhenew.com/2015/10/02/payrolls-reaction-hope-crushed-as-stocks-dump-gold-jumps-bond-yields-break-critical-support/
