‘Goldilocks’ Jobs Data Drives Stock Short-Squeeze, Hammers Bonds & Gold

Optimism started overnight with reports that China is considering further bailout moves for its ailing real estate industry (any stimulus is good stimulus and fully fungible, right?). Then payrolls printed hot (job gains better than expected), cold (unemployment jumps significantly), and just right (hourly earnings flat) and while rate-change expectations surged hawkishly… Source: Bloomberg …so […] Source