"Good" News May Be Bad After All - Stocks Slump, Erase Post-Payrolls Gains

Jobs beat and ISM beat but as soon as Europe closed, it all fell apart.

Jobs beat and ISM beat but as soon as Europe closed, it all fell apart (despite President Trump's jawboning at how well China talks are going)...

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Perhaps this is why - the market is implying a more hawkish Fed (rate-cut expectations are falling)...

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