‘Goldilocks’ Gored By Growth Gains; Bitcoin Bounces As Rate-Cut Hopes Hammered
January 04, 2024 at 16:00 PM EST
Strong jobs data (ADP jobs added more than expected, slowing wage growth, and initial jobless claims at 2023 lows) and strong Services economy survey data (PMI at 5 month highs) prompted higher Treasury yields today, and sent rate-hike expectations tumbling for March… Source: Bloomberg In the words of one veteran trader (who happens to be […] Source
