But, but, but… jobs…
Financials suffered their biggest drop in 2 months… (down 3 of the last 4 days) – on target for the worst week since the first week of the year
We suspect Financials have further to fall…
Which weighed on overall sentiment…
Leaving the S&P in the red YTD…
Since the great jobs report, Bonds and bullion lead the way…
Treasury yields plunged…
As Scotiabank's Guy Haselmann exorts, the bottom line: I remain steadfast in my view that 10's and 30's will hit an all-time low yield in 2016, regardless of Fed action.
