US Bonds & Stocks Bid as Government Job Openings Suddenly Surge


Despite the near-perfect track record of downward revisions over the last 17 months, the market seemed buoyed today by a better than expected JOLTS (Job Openings and Labour Turnover Survey) print - which was juiced almost entirely by government jobs!

Source: Bloomberg

And that was enough to send rate-cut expectations (dovishly) higher and so up went US stocks and Bond prices.

Source: Bloomberg

TSLA had a big day, up almost 10% after beating expectations for deliveries (getting back towards unchanged for the year)...

Which helped lift the Mag7 to fresh record-er highs...

Source: Bloomberg

despite 5 straight days of ETF inflows, Bitcoin slipped back (again) on FUD Mt.Gox headlines.

Source: Coinglass

Finally, for the first time on over a year, macro-economic surprises have turned negative across every major region in the world...

Time for The Fed to save the world from 'Tyrannical' Trump...with Dementia Joe?)

Happy Wednesday!

This information contains unsolicited general information only, without regard to any individual’s investment objectives, financial situation or needs. It is not specific advice for any particular investor or trader. Investment in the stock market involves risk.

This information may not take into account your investment objectives or financial situation, and you should obtain advice based on your own individual circumstances before making an investment decision.

This information is made available to you by ANDIKA Pty Ltd ABN 41 117 403 326, a licensed securities and derivatives dealer (AFSL # 297069).

Great! You’ve successfully signed up.

Welcome back! You've successfully signed in.

You've successfully subscribed to Confidential Daily.

Success! Check your email for magic link to sign-in.

Success! Your billing info has been updated.

Your billing was not updated.