from Dan Norcini:
Traders were holding their breath to see whether or not today’s expected Payrolls number was going to confirm last month’s number as a one-off or whether we would get yet another abysmal reading. We got the latter.
Immediately talk of the Fed going on hold for any further tapering emerged and with it, down went the US Dollar along with Treasury yields. The result – hot money poured into equities and strangely enough, into commodities.
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