Bonds, Stocks, Gold Drop After Wages Pop, Dollar Jumps

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The dollar is spiking, along with Treasury yields as stocks and gold are slammed following the hotter-than-expected wage growth data from BLS…

Gold is suffering the most for now…

Stocks initially dropped, then algo-ramped, and are now back in the red post-payrolls…

Treasury yields spiked 5bps on the print…

The dollar spiked back towards Trump’s “rescue” highs…

And gold is down…