The massive beat in the payrolls print has removed any hopes of a Fed Pivot and sent rate-hike expectations soaring…

With the odds of a 75bps hike in September now topping 70% once again…

All of which stole the jam out of the market’s bullish donut with stocks plunging…

Bond yields spiking with the short-end getting battered (2Y +16bps)…

The yield curve is flattening aggressively – 2s10s now at its most inverted since Aug 2000…

And gold tumbling…

Keep reading this article on Zero Hedge - Blog.

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