Although the Jobs report came in much stronger than expected, the markets decided to ignore the implied meme of no rate cuts and piled into risk assets and out of safe havens.

I suspect that this was largely a 'technical rally' targeting the significant number of market participants who came into this payrolls day with bearish hedges.

Or more simply— wash follows rinse.

Gold and silver slumped.

The Dollar chopped sideways.

The VIX plunged.

The spice must flow.

Have a pleasant weekend.

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