US jobs report: markets don’t like it

April 5, 2013
April 5, 2013

Oof. This morning’s US unemployment report was a stinker that wrong-footed investors across financial markets. Here’s are some snapshots of the knee-jerk reaction:

Investors dumped US stocks …

S-P-500-futures_chart

… they rushed to the safety of US bonds, sending prices higher and yields—which always move in the opposite direction—sharply lower …

US-10-year-Treasury-yield_chart

They also sold the dollar …

-1-in-euro-cents_chart

… and bought gold—suggesting people are extending their expectations for how long the Federal Reserve will keep its foot on the gas pedal, creating new money and pushing it into economy.

NYMEX-Gold-futures_chart

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